Investment Grade Credit

NAIC eyes new framework for regulatory credit ratings

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings

LPs’ view: ‘I expect ABL and credit secondaries to expand rapidly’

LPs featured in our Rising Stars 2024 list expect private credit’s fundamentals to maintain their significance over the coming months – though growth is expected in several key areas.

Nuveen: Navigating private debt’s Big Bang

As the private credit investor universe continues to expand, there are myriad opportunities on offer for managers that can handle its increasing complexity, says Nuveen’s chief executive officer Bill Huffman.

BIS research scrutinises private credit ratings, transparency, liquidity risk

Life insurers have shifted from simple asset-liability matching to linking with private equity and illiquid credit investments.

Democratisation & Transparency: How alternative assets are readying for individual investors

Opening up alternative assets to non-institutional investors, from HNWIs to 401(k) account holders, represents up to $80trn. It’s an alluring pot of capital for an industry with flatlining annual fundraising figures in some asset classes. And yet, multiple headwinds exist, making the journey towards increasing democratisation far from straightforward.

Moody’s: Direct lenders losing ground to BSL in refinancing wave

The move to broadly syndicated loans portends a battle over ever-growing mega-deals.

Mid-market loan recoveries, large corporates, converge

Average mid-market loan and revolver recoveries are down to 66% on a trailing five-year basis.

European sponsored debt financing rose in Q2 – Houlihan Lokey

Report finds unitranche activity up by 12% in the region, albeit with ‘modest’ declines in private credit yields.

Carlyle Global Credit posts record fee-related earnings as it expands ABF, insurance

Global Credit represents 43% of the company’s $465bn in AUM, helped by diversification beyond direct lending