FitchRatings

Download FitchRating’s Report here. The default rate in Fitch’s PMR portfolio climbed marginally in 1Q24, reaching 4.1% from 3.7% in…

Download FitchRating’s Report here. Downgrades greatly outweighed upgrades in 1Q24 as high interest rates affected the FCF and financial flexibility…

Download FitchRating’s Report here. The chart above shows trends in reported yields on business development companies’ (BDCs) income-producing investments.

Download FitchRating’s Report here. In the charts above, Fitch presents aggregate data for MM companies, defined as in the area…

Download FitchRating’s Report here. In the chart above, Fitch presents aggregate data for MM companies, defined as in the area…

Download FitchRating’s Report here. Fitch tracks defaults in our portfolio of about 300 middle market loans that we rate privately…

Download FitchRating’s Report here. The default rate for loans in Fitch’s U.S. Leveraged Loan Universe was 3.3% at the end…

How Do Covenants for Private Credit Loans Compare to Broadly Syndicated Loans? Download FitchRating’s Report here. While liability management exercises…

Direct lenders have increasingly been targeting larger companies, after previously focusing on middle market sized companies. (Fitch loosely defines larger…

Interests paid-in-kind (PIK) are likely to rise among private middle-market loans in the US through both amendments to existing loans…