US corporate bankruptcies set to hit 15-year high amid credit jitters, S&P data shows
Bankruptcy,Corporate America,Corporations,Economic Data
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Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors.
Total bankruptcy filings reached 655 this year through October, compared with 687 for all of 2024. October alone accounted for 68 filings, following 76 in August — the highest monthly count since at least 2020.
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