WASHINGTON, March 6 (Reuters) - The default rate among U.S. corporate borrowers of private credit rose to a record 9.2% in 2025, according to a report Friday by credit rating agency Fitch Ratings. In its monitor of 302 companies with outstanding private credit debt, Fitch recorded 38 defaults among 28 different borrowers. The 9.2% default rate in 2025 follows a previous record 8.1% rate of defaults in 2024. Smaller issuers with $25 million or less in earnings made up the majority of last year's ...