Leveraged Loan Insight & Analysis – 2/19/2024

Daily Analytic: Share of portfolios marked below 80% varies widely across BDCs


*Based on universe of BDCs that have reported 4Q23 earnings as of 2/13/24

Looking at the universe of 24 BDCs that have published their 4Q23 results as of February 20, we see that credit quality statistics have been relatively stable, with notable differences across individual BDCs. The weighted average non-accrual rate for this cohort of BDCs remained low and stable at 1.95% in 4Q23.