Dive Brief:
- The total number of larger U.S. corporate bankruptcy petitions filed this year through June ticked up to 372, just above the 371 total in the year-earlier period, keeping it hovering at the highest level since 2010, according to a Monday report from S&P Global.
- In the first six months industrial companies filed the most bankruptcies with a total of 50, followed by consumer discretionary companies (35) and healthcare (26).
- In the month of June alone, industrials and healthcare companies led the distressed sectors filing at least seven filings each followed by the financial sector with five petitions, according to the findings.
Dive Insight:
Small businesses also…