Over the past year, the number of payment-in-kind and “deferred interest schemes” among distressed middle-market borrowers has materially increased, driving an acceleration in default rates, according ...
The pace of private credit middle market defaults increased sharply in May, according to a report by Morningstar DBRS. The volume of downgrades of private credit borrowers included in the agency’s ...
NEW YORK, Feb 23 (Reuters) - Quality in private credit has continued to worsen this year, according to rating agency Morningstar DBRS, as the proportion of downgrades reached a new high in February.
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