The new crop of rating agencies behind the private credit boom
Regulators and bankers are sounding the alarm about an explosion in privately-rated securities
Regulators and bankers are sounding the alarm about an explosion in privately-rated securities

For some observers, the rapid rise of this asset class invites unsettling historical comparisons

Fast-growing market comes under greater scrutiny for potential risks after series of setbacks

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

Lenders emphasise their safety and private credit’s riskiness. In reality, the two are intertwined

The sector remains untested in a severe or prolonged economic downturn

Lack of transparency of debt popular with US insurers increases risk of ‘fire sales’, report says