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Bloomberg: Private Credit Defaults Risk Reaching 5% Next Year, Bank of America Says

October 04, 2023, 07:59 AM
Filed Under: Industry News

Bloomberg reported private debt defaults will reach 5% by early 2024 as portfolios see an estimated one-third of deals come due in the next two-and-a-half years, according to a new report from Bank of America credit strategists Neha Khoda and Dong Ba. That’s compared to an estimated 3% default rate for broadly-syndicated loans in the same environment, they said.

Read the full Bloomberg report (subscription required) here.

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