Economy

Jirí Król: How Europe has laid the foundations for a private credit boom

Europe is now more closely aligned with a regulatory approach that has underpinned the growth of the US market, writes the global head of the Alternative Credit Council.

Which global financial institutions are backing private debt?

Key financial bodies have very different assessments of how much systemic risk is posed by private debt, writes Alex Di Santo.

Mid-market borrowers pass stress test amid higher rates, report says

KBRA says its assessment portfolio experienced ‘only a slight deterioration’ in interest rate coverage.

How some borrowers were caught out by rate rises

Hedging was arguably under-utilised in the run up to the ‘higher for longer’ rate environment

Hedging: How some borrowers were caught out by rate rises

The ‘higher for longer’ scenario has resulted in some substantial cost increases.

Differing perspectives on the ‘maturity wall’

A ratings agency and an investment and advisory firm appear to have two contrasting views of one of private credit’s hot topics.

Marblegate sees ongoing operational and financial distress for mid-market

A new white paper also finds opportunities in the troubled waters, but only for ‘transformational capital’.

S&P sees private credit growing but decelerating in 2024

S&P Global Ratings expects that the private credit market will continue to grow in 2024, although more slowly than in 2023.