Cracks are showing in private credit, says Moody’s
The ratings agency sees a potential reckoning as “realities of higher interest rates” erode credit quality and create performance challenges.
The private credit market is headed for a period of stress as higher-for-longer interest rates strain borrowers and saddle lenders with losses, according to a report Tuesday from Moody’s Ratings.
The rating company is already seeing credit quality deteriorate at some managers. Big direct lendin
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