Commentary
Notes on private credit, written from our data and research.
Longer pieces on what the filings, fundraising numbers and bank balance sheets show. Posts carry charts with source and vintage and are tagged by theme. Older posts (2021–2024, banking and monetary policy) are shown under Archive.
22 Mar 2026
Valuation of Leveraged Loans - Implications for Private Credit
The price of CCC-rated loans declines while the other rating categories (BB and B) remain somewhat stable. And the price differential is worse than during COVID - and we don't even have a big macro shock (yet).
Private creditLeveraged loans and CLOs
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