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The Ratings View: Sep. 20, 2023

In this week's summary of ratings views: The U.S. leveraged loan default rate could rise to 2.75% by June 2024, versus 1.9% now. Theft is becoming a top risk for the U.S. retail sector. U.S. airlines can manage higher jet fuel prices for now. Also: the potential ratings impact of U.S. auto worker strikes, electrical grid transformation, and implications from the greening of Germany's power mix.