Middle Market & Private Credit – 5/4/2026

U.S. Banks Increase Private Credit Disclosures Amid Continued Scrutiny

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U.S. bank disclosures regarding private credit exposures improved in the first quarter of 2026, although inconsistencies relative to regulatory reporting remain an area for improvement, according to Fitch Ratings. Several large banks provided additional detail on lending to business development companies (BDCs), collateralized loan obligations (CLOs), and other direct lending vehicles. They also provided more context regarding underwriting approaches and historical loss experience.