According to Fitch Ratings, the default rate of a group of private equity borrowers in the US rose to a record high in August. According to a report released on Monday, the private equity loan default rate of 1,300 borrowers in the past 12 months rose to 6.3% at the end of August, surpassing the previous high of 6.1% set in July. Fitch also said that the number of private equity default cases in August was the highest in a single month in the past year.

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