FitchRatings
How Have BDC Funding Profiles Trended?
BDCs took advantage of strong capital market conditions moving out of the pandemic to issue record amounts of unsecured debt,…
Read MoreHow Have BDCs Performed Due to Rapidly Rising Interest Rates?
BDCs were well positioned to benefit from rising rates, given largely floating rate portfolios and the increase in fixed-rate funding…
Read MoreDefault Outlook for Middle Market
Fitch recorded eight defaults in our Private Monitored Rating (PMR) portfolio in 2022, down from the pandemic-affected years of 2020…
Read MoreRating Trend for Middle Market Issuers
Following a modestly positive 2021 in which upgrades in Fitch’s Private Monitored Rating portfolio outpaced downgrades at a rate of…
Read MoreLatest Performance Trends for U.S. MM CLOs
Defaulted and deferring exposure across MM CLOs remained low at 0.7% in 1Q23, while deferrables stood at 6.4%. Exposure to…
Read MoreDefaults in Fitch’s Private MM Portfolio Tick Higher
Following a sharp increase in 2020 and 2021 due to the pandemic, defaults were largely subdued in 2022 in Fitch’s…
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