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Sears tops list of retailers most vulnerable to defaulting on debt

Sears Holdings Corp. tops the list of retailers that are most vulnerable to defaulting on their debt in the next year, as the sector continues to be hammered by bankruptcies and high levels of credit risk, S&P Global said Monday.

There have been 14 retail bankruptcies in 2017 through April 6, said the rating agency, close to the 18 that filed for all of 2016. U.S. retailers have borne the brunt of the damage, with the most recent filing coming from discounter Payless Inc., operator of Payless ShoeSource, which filed on April 4.

Read now: Payless ShoeSource bankruptcy is the latest blow for retail bondholders

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