U.S. restaurants’ probability of defaults soars amid COVID-19 pandemic: Report

U.S. restaurants’ probability of defaults soars amid COVID-19 pandemic: Report

The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence. The median one-year market signal probability of default rose above 30% for U.S. restaurants in April before falling to 24% as of May 18, the market data firm said […]