Clarity and insight across private credit markets - sign up now
Private credit has long been an important source of funding for small and middle-market borrowers, alongside the broadly syndicated loan and speculative-grade bond markets. More recently, however, the market has experienced rapid growth. This decade-long expansion—set against rising credit pressures—has brought increased attention to the risks developing within an increasingly opaque market.
While the core risk factors in private credit mirror those of mainstream credit, their relative importance can vary depending on a borrower’s stage in its life cycle and prevailing credit conditions. As signs of credit stress begin to emerge and defaults edge higher, questions remain around the durability of the so-called “golden age of private credit.”
At S&P Global Ratings, our independent opinions on creditworthiness take a holistic view, helping to bring greater transparency across private markets—from direct lending, business development companies, and middle-market collateralized loan obligations, to private equity, fund financing, and beyond.
Sign up now to gain access to invaluable information spanning direct lending, business development, private equity, and more.
Explore our brochure
Please note, we will send you regular updates on our Private Markets research and event updates, to change these settings please log in or register with our website and update your preferences.