1 of 1
Story summary
- Defaults in the $1.7 trillion private credit market are expected to rise next year, per Kroll Bond Rating Agency (KBRA).
- KBRA reports 61 CCC- borrowers, signaling severe challenges.
- They account for 1.4% of debt, with concentrations in health care and technology.
- Nearly 30% of debt maturing before 2026 comes from highly leveraged or negative-earnings firms.
- Despite low third-quarter default rates, KBRA says this does not reflect true stress.
