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Non-accrual loans reported by US asset-based lenders have climbed to their highest level since 2011, according to analysis of Secured Finance Network data, providing a potentially important warning that stress is building among leveraged and middle-market borrowers even while public...
#asset based lending#collateral#credit risk
Credit deterioration is becoming more visible across some of the largest publicly traded private-credit portfolios, increasing pressure on a market…
#Ares capital#BDCs#Blackstone