FitchRatings
Private Credit’s Growing Complexity Untested Through Market Cycles
Click here to download report. Private credit (PC) markets remain resilient, despite recent challenges stemming from tariff-driven market volatility, slowing…
Read MoreCredit Journal – Private Credit
Download Welcome to Fitch Ratings’ Credit Journal series – a subject-specific, curated compilation of our in-depth research and commentary.
Read MoreFitch’s Privately Monitored Middle Market Portfolio Overview, 1Q25
Click here to learn more. As audits for privately monitored rating (PMR) issuers continue to roll in, Fitch forecasts revenue…
Read MoreFitch’s Privately Monitored Middle Market Portfolio Overview, 1Q25
Click here to learn more. In the charts above, Fitch presents aggregate data for issuers in its privately monitored rating…
Read MoreSlower Growth and Competitive Underwriting to Pressure Asset Quality for U.S. BDCs
Click here to learn more. U.S. business development companies (BDCs) are facing mounting pressure in 2025 as escalating trade tensions…
Read MoreBDCs Face New Headwinds but Limited Direct Exposure to Tariff Sectors
Click here to learn more. The recent escalation in the global trade war and resulting uncertainty across the market introduced…
Read MoreFitch Ratings Completes Peer Review of 12 US BDCs
Click here to learn more. Fitch Ratings has completed a peer review of U.S. business development companies (BDCs). We have…
Read MoreInflows, Competition to Pressure Perpetual BDC Earnings, Asset Quality
Click here to learn more. The elevated competitive underwriting environment for business development companies (BDCs) will persist in 2025 due…
Read MoreGrowth at Perpetual BDCs Drives an Increase in Competition
Click here to learn more. U.S. perpetual non-traded business development companies (BDCs) have grown rapidly since the launch of Blackstone…
Read MoreTight Spreads, Rising Non-Accruals to Further Weaken BDC Earnings
Click here to learn more. Continued spread pressure and additional non-accruals will likely weaken earnings and dividend coverage for business…
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