Smaller, Non-Systemic U.S. Banks Most Concentrated to Non-Bank Lending Click here to download report. Executive Summary: Evolving regulation has shone the spotlight on liability-driven investment strategies, driven by the optimization of technical provisions…. Subscribe to Read MoreAlready a member? Log in here...
Smaller, Non-Systemic U.S. Banks Most Concentrated to Non-Bank Lending Click here to learn more. A relatively small percentage of U.S. banks provide loans to non-bank financial institutions (NBFIs), according to analysis of new regulatory data for the entire banking industry by Fitch Ratings. Around 13% or 576 FDIC banks reported balances of either NBFI loans…
Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. What are Key Trends to Watch for BDCs? Fitch’s 2025 sector outlook for BDCs remains ‘deteriorating’ as continued spread pressure and additional non-accruals will likely weaken earnings and dividend coverage for BDCs in 2025…. Subscribe to Read MoreAlready a member? Log in
Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. How Does the Change in Rate Outlook Affect Middle-Market Borrowers? Despite concerning growth in the number of issuers with coverage at or below 1x, the median issuer’s metrics have remained relatively stable. Approximately 48% of all issuers are estimated to have 2024E…
Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. Do Banks Face Financial Stability Risks from Private Credit (PC) Exposure? The financial stability risks from banks’ direct exposure to PC are currently limited despite its rapid growth over the last several years. This is largely due to the typical structure of…
Private Credit’s Growing Complexity Untested Through Market Cycles Click here to download report. Private credit (PC) markets remain resilient, despite recent challenges stemming from tariff-driven market volatility, slowing economic growth and a higher policy rate trajectory than initially anticipated at the beginning of the year…. Subscribe to Read MoreAlready a member? Log in here...
Credit Journal – Private Credit Download Welcome to Fitch Ratings’ Credit Journal series – a subject-specific, curated compilation of our in-depth research and commentary…. Subscribe to Read MoreAlready a member? Log in here...
Fitch’s Privately Monitored Middle Market Portfolio Overview, 1Q25 Click here to learn more. As audits for privately monitored rating (PMR) issuers continue to roll in, Fitch forecasts revenue growth of 5.7% for 2024. Revenue growth for 2025 is likely to be pressured by rising U.S. tariffs and retaliatory measures. … Subscribe to Read MoreAlready a member?
Fitch’s Privately Monitored Middle Market Portfolio Overview, 1Q25 Click here to learn more. In the charts above, Fitch presents aggregate data for issuers in its privately monitored rating (PMR) portfolio. Fitch privately rates these issuers on behalf of asset managers…. Subscribe to Read MoreAlready a member? Log in here...
Slower Growth and Competitive Underwriting to Pressure Asset Quality for U.S. BDCs Click here to learn more. U.S. business development companies (BDCs) are facing mounting pressure in 2025 as escalating trade tensions and broader economic uncertainty compound existing credit headwinds…. Subscribe to Read MoreAlready a member? Log in here...