Private loan credit ratings may be ‘systematically’ inflated, warns BIS
Lack of transparency of debt popular with US insurers increases risk of ‘fire sales’, report says
Lack of transparency of debt popular with US insurers increases risk of ‘fire sales’, report says

Rating agency says surging market’s opacity and illiquidity could pose risks to the industry

Inflated private ratings could mask credit risks and leave insurance companies undercapitalised

Rather than financial alchemy, such deals involve mispricing, reduced capital buffers and hidden risks

Regulators and bankers are sounding the alarm about an explosion in privately-rated securities

Growth raises concerns about underwriting and risk management at fast-expanding groups

A shift towards debt raises the potential fallout from the data centre spending spree