The default rate among private-credit borrowers has reached the highest in the roughly three-year history of an index from Kroll Bond Rating Agency LLC, adding to signs of stress in the $1.8 trillion industry.
The default rate for private-credit borrowers has hit a new high, matching its 2023 peak within Kroll Bond Rating Agency's index. This significant increase signals growing stress in the expansive $1.8 trillion private-credit industry, raising concerns among investors and market…
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