Dropping oil prices and last week’s Fed rate hike caused investors to push almost $5.7 billion out of high-yield accounts; totaling $8 billion in only three weeks.
Latest news
Fitch Ratings Completes Peer Review of 13 US BDCs
July 28, 2026
Fitch Ratings has completed a peer review of 13 U.S. business development companies (BDCs). We have affirmed the Long-Term Issuer Default Ratings (IDRs) on 12 issuers and completed one Review No Action. The Rating Outlooks are Negative for three BDCs and Stable for 10 BDCs in this peer group.
Sponsored middle market leverage falls to its lowest level since 1Q23
July 28, 2026
Total leverage on sponsored middle market transactions declined to 4.40x in 2Q26 from 4.51x in 1Q26, reaching its lowest level…
Business of Private Credit: Playing to Your Strengths
“Show me a great credit, and I’ll show you a great sponsor behind it.”
For this series, we’ve focused on how core middle market lenders underwrite borrower. But before the lender ever sees the deal, a sponsor has already spent months, sometimes years, evaluating whether this was a company worth owning.