US Private Credit Defaults Rose Sharply in 2024 While Lender Losses Remained Limited Click here to learn more. Join Fitch Rating upcoming Webinar: The Highs and Lows of Private Credit Defaults and Recoveries The default rate in Fitch Ratings’ portfolio of U.S. privately monitored ratings (PMR) rose sharply to 8.1% in 2024. This is the…
U.S. Banks’ Direct Exposure to Private Credit Growing; Poses Limited Risks for Now Click here to learn more. Private credit has expanded rapidly, but sizing the market is challenging given limited transparency. In its ‘Private Debt 2025’ report, Preqin sized the global private credit market at $1.6 trillion in AUM at year-end 2024 and projects…
U.S. Banks’ Direct Exposure to Private Credit Growing; Poses Limited Risks for Now Click here to learn more. Join Fitch for the upcoming webinar: Private Credit: Growing Interconnectedness and New Product Risks Recent regulatory data offers new insights into U.S. banks’ direct exposure to the private credit sector. As of Dec. 31, 2024, U.S. banks…
Private Credit Risk Not Systemic, Yet Structures, Asset Classes Evolving Click here to learn more. Private credit, in isolation, is not currently a systemic risk given numerous mitigants, particularly within direct lending, which continues to dominate the asset class, Fitch Ratings says in a new report. Increased transparency will aid in the assessment of risk,…
Fitch U.S. MM CLO Spotlight – December 2024 Click here to learn more. In the charts above, Fitch presents aggregate data for issuers in its Privately Monitored Ratings (PMR) portfolio. Fitch privately rates these issuers for asset managers…. Subscribe to Read MoreAlready a member? Log in here...
Fitch U.S. MM CLO Spotlight – December 2024 Click here to learn more. Exposure to assets with Fitch IDRs or credit opinions of ‘CCC+’ or below, excluding non-rated assets, has slightly decreased since last quarter and the same period last year, now standing at 18.5%, down from 19.3% last quarter and 18.9% last year…. Subscribe
Fitch U.S. MM CLO Spotlight – December 2024 Click here to learn more. Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit At the end of 2024, 24 CLOs had exposure to at least one defaulted or deferring issuer…. Subscribe to Read MoreAlready a member? Log in here...
North America Private Credit Default Rates to Stabilize in 2025 Click here to learn more. Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit Rating downgrades and default rates for Fitch’s North America Privately Monitored Ratings (PMR) portfolio could stabilize in 2025…. Subscribe to Read MoreAlready a member? Log in here...
North America Private Credit Downgrades to Moderate in 2025 Click here to learn more. Join Fitch for the upcoming Outlook panel: Credit Outlook 2025 Private Credit Rating downgrades and default rates for Fitch’s North America Privately Monitored Ratings (PMR) portfolio could stabilize in 2025…. Subscribe to Read MoreAlready a member? Log in here...
NAIC Report Puts Smaller CRA Ratings Under the Spotlight Click here to learn more. At end-2023, US insurers held about USD350 billion of privately rated securities. The NAIC has adopted a proposal to contest private ratings from CRAs if their ratings are three notches higher than an assessment from the NAIC’s Securities Valuation Office (SVO)….