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Finance

Corporate Defaults Aren't Exploding, But the Cracks Are Real

High-yield corporate bonds just had a positive week while oil sits at $112 a barrel. The default explosion isn't here. But the services sector just contracted at its fastest pace since 2009, and that gap between the headlines and the underlying data is worth understanding before someone tries to sell you something off it.

By Sadie Park · 3 min read

Finance

Private Credit's 9.2% Default Rate Is Not a Blip

Fitch's 9.2% default rate across middle-market private credit firms is the number investors keep citing without understanding what it actually selects for. The difference between a fund you should hold and one you should exit comes down to a single EBITDA threshold most managers are not volunteering.

By Marcus Cole · 3 min read