Middle Market & Private Credit – 7/15/2024

PMRs Stay Longer in ‘CCC’ Category

Chart

Learn More

Click here to learn more.

PMR issuers within the ‘CCC’ category have a lower average annual upgrade rate, lower average annual default rate and a higher average annual stability rate than publicly rated peers. Different stakeholder dynamics within the direct lending segment play a role in the lower number of defaults within the PMR portfolio.