Software loans aren't the canary in the credit coalmine

Software loan yields hit 12% as leveraged loan yields fall, signaling sector-specific software credit stress—not broader ...

Morgan Stanley says AI disruption of software will send private credit defaults surging

Morgan Stanley sees a coming wave of direct lending defaults in private credit, driven largely by AI's disruptive effects on the software sector.

'Alarming' distress is building in small private credit loans — but software still poses the biggest risk

A Houlihan Lokey report found signals of distress are high in loans to small companies, but the real risk is in still-healthy software companies.

JPMorgan Chase reins in lending to private credit firms after marking down software loans

JPMorgan's move shows that the biggest U.S. bank by assets wants to get ahead of potential turbulence involving private credit loans to software companies.
Bloomberg L.P.

Deutsche Bank Flags $30 Billion Exposure to Private Credit

Deutsche Bank AG flagged a €26 billion ($30 billion) exposure to private credit, an asset class that’s grappling with fund redemptions, scrutiny of underwriting standards and the impact of AI on some ...

JPMorgan marking down loan portfolios of private credit groups

JPMorgan Chase has clamped down on its lending to private credit groups, with bankers looking to cut risk as concerns mount over the credit quality of companies in their stables. The bank informed ...