S&P downgrades Tether’s assets to lowest level
Rating agency cites rising exposure to high-risk assets and lack of disclosures
Related reading
US Treasury calls in regulators for talks on private credit risks
Discussions will include American and international insurance watchdogs
We must be mindful of the risks of private credit
The sector remains untested in a severe or prolonged economic downturn
Private credit’s moment for a healthy reset
Recent ructions highlight the case for better scrutiny of the asset class
Private credit’s stale pricing problem
More frequent asset valuations can boost market resilience and investor confidence
S&P warns on US insurers’ growing bet on private credit
Rating agency says surging market’s opacity and illiquidity could pose risks to the industry
Short rates have overshot
Plus the social media lawsuits