Middle Market & Private Credit – 4/29/2024

How Does the Default Outlook for the Middle Market Compare to BSL?

Chart

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Download FitchRating’s Report here.

Fitch tracks defaults in our portfolio of about 300 middle market loans that we rate privately for asset managers. The default rate in this portfolio was about 3.7% in 2023, up from under 3% in 2022, also primarily due to rates.