Private Credit's Hidden Default Problem Has Grown Since 2022, PIMCO Says
Private credit shows more signs of financial stress than headline default rates suggest, according to a new PIMCO analysis.
Private credit (money lent to companies outside banks) seems safer than it looks because many struggling borrowers haven't officially stopped paying yet. When you see private credit investments, watch carefully for companies that are stressed even if they haven't missed payments.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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