Private Credit Defaults Hit 9.2% as $1.8 Trillion Market Faces Liquidity Strain

Private credit is having a moment - and not the flattering kind - as defaults climb to levels that outpace widely cited 2008 benchmarks while liquidity concerns quietly lurk beneath the surface. Default Rates Jump in Private Credit as Market Grows to $1.8 Trillion Fitch Ratings reported that its Privately Monitored Ratings (PMR) default rate []