Faltering Oil Rally Boosts Leveraged Loan Defaults, Fitch Says

  • Templar, Stallion likely to miss interest payments, Fitch says
  • The defaults would push energy default rate to nearly 18%

The default rate for leveraged loans in the energy sector could spike close to 18 percent if Templar Energy LLC and Stallion Oilfield Services Ltd. are unable to make interest payments on their debt, Fitch Ratings said.

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