Middle Market & Private Credit – 9/4/2023

Fitch’s Private Middle Market, Model-Based Credit Opinion (MBCO) Portfolio, 2Q23


Fitch’s privately covered middle market (MM) portfolio is comprised of generally smaller issuers (with average EBITDA of $51M, average revenue of $275M and average debt of $299M). The portfolio comprises of issuers in the b+* to c* range (asterisk denotes Credit Opinion).