Healthcare, general manufacturing and services sectors see most loans added to non-accrual status in 3Q24

LSEG|December 4, 2024

Content hub / Article / LSEG / Healthcare, general manufacturing and services sectors see most loans added to non-accrual status in 3Q24

A total of US$980m of BDC loans were added to non-accrual status in 3Q24, down from US$2.1bn in the prior quarter. Given this decline and the growth in market size, the weighted average non-accrual rate for public and private BDCs combined ticked down to 1.43% in 3Q24 from 1.70% in 2Q24. The sectors which saw the most loans placed on non-accrual status in 3Q24 was healthcare (US$223m), general manufacturing (US$139m) and services (US$138m).

Contact CJ Doherty

Share your perspective

2026 Private Credit Investor Survey

Institutional investors, RIAs and financial advisors - we want to hear from you. Take this two-minute anonymous survey and receive the results report.

Take the survey

Report

US Private Credit League Tables H1'26

The definitive rankings covering private credit activity in H1'26.

Download

Report

PitchBook's Q2 2026 US PE Breakdown

Software freezes and energy powers on as US PE deal value falls 38% in Q2 2026.

Download

Latest news

See all stories

Article | KBRA DLD

KBRA DLD Default Indices

September 23, 2026

Article | PEI Private Credit

Number of smaller funds dwindles

September 23, 2026

Analysis of fund-close data found that vehicles valued at under $250m have seen a rapid decline since 2024.While PEI Private…

Article | Fitch Ratings

US Private Credit Transparency Highlights Uneven BDC Performance

September 22, 2026

Credit performance across business development company (BDC) portfolios remains uneven, although reported losses and non-accruals were broadly stable quarter over quarter, according to Fitch Ratings’ Private Credit Transparency Monitor for 2Q26.