Bloomberg reported, citing data from a S&P analyst, more U.S. companies have defaulted on their debt this year than issuers from any other country or region.

As of last week, 111 companies worldwide had defaulted on their obligations, the highest tally since 2009 when the figure hit 242 for the same period, Bloomberg noted.

Bloomberg said, citing the S&P analyst, about 60% of this year’s global defaults have come from U.S. borrowers, up from 55% a year ago, when 33 of 60 defaulters were American.