Principal Sees High-Grade Downgrade Risk as Issuance Ramps Up
Blue-chip companies, including hyperscalers, may be jeopardizing their credit ratings by piling on debt, according to Principal Asset Management. “We have seen some downgrades, and I would expect that...
21 Touko 42min
Private Credit Has a Weak Underwriting Discipline Problem
Loose underwriting standards are increasingly troubling for private credit market participants, according to Bloomberg Intelligence. “This concern has been growing for a period of time,” David Havens,...
19 Touko 30min
JPMorgan Is Wary of Another Big Leap in AI-Related Spending
JPMorgan Asset Management sees value in the debt of companies building out AI, but it’s keeping a close eye on how much more they plan to spend next year. “If we’re seeing capex increase at the same r...
14 Touko 50min
HarbourVest Expects Private Credit Secondaries Volume to Double
Secondary trading of private credit is on track to more than double last year’s record volume, according to HarbourVest Partners. “Through the first quarter we’re run-rating above $50 billion this yea...
7 Touko 50min
Citi Warns of Private Debt Risk as ‘Tourists’ Are Forced to Sell
Rookie private lenders that have to sell in a downturn are a potential threat to credit markets, according to Citi. “If the cycle turns and these tourists, rather than working out loans, just start se...
30 Huhti 49min
Sycamore Tree Tips Chemicals in Iran Jam
Middle East shipping disruptions are boosting US companies bruised by cheap Chinese supply, according to Sycamore Tree Capital Partners. “It really slows down the ability for some of those Asian-based...
23 Huhti 46min
Davidson Kempner Sees a $770 Billion Stressed Debt Opportunity
US companies with $770 billion in loans are hitting a wall as interest rates stay elevated, according to Davidson Kempner. “We’re in year three of what’s already the longest default cycle in 20 years,...
16 Huhti 52min
BDC Bond Bust Creates Opportunity for $622 Billion Asset Manager MFS
A retail exodus from business-development companies has dragged their debt to levels that are starting to look attractive, according to MFS Investment Management. “Pressure for redemptions that they’r...
9 Huhti 51min
