Note: Probability of default scores calculated using S&P Global Market Intelligence's Market Signal probability of default model, which is based primarily on volatility of share prices, taking into account country and industry-related risks. Data: S&P Global Market Intelligence; Chart: Erin Davis/Axios Visuals
The one-year median probability of default for all of retail increased to 4.5% in July from 4.2% in June, according to S&P Global Market Intelligence.