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FitchRatings

Fitch’s Privately Monitored Middle Market Portfolio Overview − 3Q24 (Part 1)

By Fitch Ratings | November 7, 2024

Click here to download report. In the charts above, Fitch presents aggregate data for Middle Market companies that it privately…

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Record US BDC Debt Issuance Supports Refinancing (Part 2)

By Fitch Ratings | October 30, 2024

Record U.S. BDC Unsecured Debt Issuance Helps Address Refinance Needs (Part 2) Click here to download report. Since the beginning…

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Record US BDC Debt Issuance Supports Refinancing

By Fitch Ratings | October 24, 2024

Record U.S. BDC Unsecured Debt Issuance Helps Address Refinance Needs (Part 2) Click here to download report. Record debt issuance…

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Net Asset Downgrades Ease in September for US BSL CLOs

By Fitch Ratings | October 16, 2024

Click here to download report. Fitch Ratings-rated U.S. CLOs backed by broadly syndicated loans (BSL) experienced just two net downgrades…

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Cushions in Collateral Quality Tests Stay Mostly Positive

By Fitch Ratings | October 9, 2024

Click here to download report. All Fitch-rated MM CLOs include a Fitch Test Matrix as part of a CLO’s Collateral…

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Private Credit Default Rate Debuts at 5.0%

By Fitch Ratings | October 2, 2024

Click here to download report. Fitch Ratings’ Private Credit Default Rate (PCDR) launches at 5.0% for August 2024, covering nearly…

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U.S. MM CLO Spotlight – August 2024

By Fitch Ratings | September 25, 2024

Click here to download report. ‘CCC’ Exposure Slightly Up Exposure to assets with Fitch IDRs or credit opinions of ‘CCC+’…

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U.S. MM CLO Spotlight – August 2024

By Fitch Ratings | September 18, 2024

Click here to download report. Defaults and Deferring Marginally Down Fifteen CLOs had exposure to at least one defaulted or…

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PIK Income Pressures BDC Cash Dividend Coverage

By Fitch Ratings | September 11, 2024

BDC Cash Income Dividend Coverage Pressured by Payment-in-Kind Income Click here to learn more. U.S. business development companies’ (BDCs) cash…

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Fitch’s Privately Monitored Middle Market Portfolio Overview, 2Q24

By Fitch Ratings | September 3, 2024

Click here to download report. In the charts that follow, Fitch presents aggregate data for MM companies, defined as in…

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