
Bond investors and banks are seeking greater premiums on new financing as a precaution before lending

The sector remains untested in a severe or prolonged economic downturn

Recent ructions highlight the case for better scrutiny of the asset class

Private credit groups, hedge funds and other institutions account for more than half of global financial assets

Too many have been left as sitting ducks in the Wall Street pastime of creditor-on-creditor violence

What matters most is how capital was deployed and underwritten