Middle Market & Private Credit – 1/8/2024

Fitch’s U.S. Middle Market Outlook

Chart

Credit Profile Changes

PMR Debt by Maturity

Download Report


Download Fitchratings’s Report here.

The distribution of middle market (MM) issuers’ Outlooks within Fitch’s portfolio stayed relatively flat in 2023 compared with 2022. Approximately 11% of MM issuers have a Negative Outlook or Watch, relatively unchanged from 2022, and a large decline from 30% in 2020. Net upgrades have hovered around zero so far this year.