Private Credit Shakeout: High Yields Turn to Junk
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Private credit market, once a promise of high yields, faces a shakeout with FS KKR Capital Corp downgraded to junk status due to rising non-performing loans and structural issues. Apollo and Blackstone cap withdrawals and post losses, as default rates hit a record high of 5.8%. As this asset class infiltrates retirement plans, a closer look at holdings is urged before stresses escalate further.
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