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FitchRatings

Smaller US Banks Most Exposed to Nonbank Lending

By Fitch Ratings | July 2, 2025

Smaller, Non-Systemic U.S. Banks Most Concentrated to Non-Bank Lending Click here to learn more. A relatively small percentage of U.S.…

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Private Credit’s Growing Complexity Untested Through Market Cycles

By Fitch Ratings | June 26, 2025

Click here to download report. What are Key Trends to Watch for BDCs? Fitch’s 2025 sector outlook for BDCs remains…

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Private Credit’s Growing Complexity Untested Through Market Cycles

By Fitch Ratings | June 18, 2025

Click here to download report. How Does the Change in Rate Outlook Affect Middle-Market Borrowers? Despite concerning growth in the…

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Private Credit’s Growing Complexity Untested Through Market Cycles

By Fitch Ratings | June 12, 2025

Click here to download report. Do Banks Face Financial Stability Risks from Private Credit (PC) Exposure? The financial stability risks…

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Private Credit’s Growing Complexity Untested Through Market Cycles

By Fitch Ratings | June 4, 2025

Click here to download report. Private credit (PC) markets remain resilient, despite recent challenges stemming from tariff-driven market volatility, slowing…

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Credit Journal – Private Credit

By Fitch Ratings | May 28, 2025

Download Welcome to Fitch Ratings’ Credit Journal series – a subject-specific, curated compilation of our in-depth research and commentary.

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Fitch’s Privately Monitored Middle Market Portfolio Overview, 1Q25

By Fitch Ratings | May 20, 2025

Click here to learn more. As audits for privately monitored rating (PMR) issuers continue to roll in, Fitch forecasts revenue…

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Fitch’s Privately Monitored Middle Market Portfolio Overview, 1Q25

By Fitch Ratings | May 16, 2025

Click here to learn more. In the charts above, Fitch presents aggregate data for issuers in its privately monitored rating…

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Slower Growth and Competitive Underwriting to Pressure Asset Quality for U.S. BDCs

By Fitch Ratings | May 7, 2025

Click here to learn more. U.S. business development companies (BDCs) are facing mounting pressure in 2025 as escalating trade tensions…

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BDCs Face New Headwinds but Limited Direct Exposure to Tariff Sectors

By Fitch Ratings | April 30, 2025

Click here to learn more. The recent escalation in the global trade war and resulting uncertainty across the market introduced…

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