Abandoned Mall 2
More retail bankruptcies are ahead.

Seph Lawless

Retailers have been closing stores and filing for bankruptcy at staggering rates, and there’s still more fallout to come, according to a new report from Moody’s Investors Service.

The share of retailers that Moody’s covers and that have the weakest liquidity scores — meaning they will likely default within the next year — has risen to 10%, up from 6% in December 2016.

“Nobody’s immune,” the analysts wrote in the report.

Moody’s has identified 22 retailers — up from 19 in February — that are “heavily distressed” and in danger of defaulting.

Screen Shot 2017 08 04 at 11.34.29 AM
Moody’s Investors Service

That level of distressed retailers was last achieved during the recession.

Department stores…