Defaulted loans ticked down slightly for BDCs in 3Q19

Chart

Lenders and investors are exhibiting growing concerns surrounding slowing growth and where the economy is headed. Yet non-accruals within BDC portfolios are not yet showing any accelerating signs of deterioration. As of the September 30 filing date, the share of BDC loans on non-accrual status as a percentage of cost fell to 2.9% from 3.2% at June 30.