iHeart bankruptcy sends media default rate to 20%—but it’s not all bad news, says Fitch
March 15, 2018 at 09:38 AM EDT
The bankruptcy filing by iHeartMedia Inc. late Wednesday has added $9.4 billion of bonds to the U.S. high-yield market default volume and sent the broadcasting and media (B&M) default rate to 20% from 3.7% at the end of February, Fitch Ratings said Thursday.
