Posts by THE LEAD
Increased transparency a positive for U.S. private credit market
Fitch Ratings views increased scrutiny of private corporate credit as a natural step in the market’s development. Greater focus on private credit supports more reporting, increased transparency, and information flow in the market.
Read MorePIK Your Next Adventure
Every amended PIK loan hits the same crossroad. Not everyone ends up at the same destination.
Read MorePrivate Credit Defaults 101: Beyond the Noise
Like any good school year, this series went by fast. But as class comes to an end, there’s one theme that’s been top of mind here at The Lead: “noise.”
Read MoreBehind the Scenes
Climbing toward the average is a very different story than surpassing it.
Read MorePrivate Credit Defaults 101: Now Streaming
Every big theatrical release eventually makes its way to streaming. It gives people who missed it in theaters a chance to catch up.
Read MoreInformation Technology Topped Nonaccruals on a Cost Basis
The 50 largest BDCs, on the basis of total debt investments as of the second quarter of 2026, accounted for 75% of the total aggregate reported value of nonaccrual debt at cost and fair value.
Read MoreReversion to the Mean
Climbing toward the average is a very different story than surpassing it.
Read MorePrivate Credit Defaults 101: Where Are We in the Cycle?
“We’re in a credit cycle. People denied it for a while. I don’t think there’s a lot of denial anymore.” That’s how one lender sees things today.
Read MoreThe Recovery Shot
Trouble off the tee doesn’t always translate to trouble on the scorecard.
Read MorePrivate Credit Defaults 101: Scrambling for Par
Seve Ballesteros won four majors in the 1980s despite being, by his own admission, one of the wildest drivers of the golf ball on tour.
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