China's latest reforms of the digital accounts receivable certificates (应收账款凭证) (IOUs*) market have been widely reported as an effort to protect small and medium-sized enterprises (SMEs) from unfair...
Approximately a year ago, the debate surrounding private credit was relatively straightforward. It appeared that the golden age of private credit would continue. But suddenly private credit was...
Executive Summary China’s credit rating crisis is not simply the result of inflated grades—it reflects a deeper failure of market discipline. In a well-functioning market, persistent clustering of...
The latest report from Rubix Data Sciences, in collaboration with Vayana TradeXchange, provides a timely and well-structured assessment of how instability in West Asia is feeding directly into...
According to latest media reports Private Credit is now facing what can best be described as a public reckoning. Perhaps even more ominous is the indication of changing market dynamics with the...
Warnings about private credit have intensified in recent weeks, but the debate remains unsettled. Some observers have begun to describe the situation in dramatic terms. However there are hardly any...
Following my recent article Private Credit at a Crossroads - What leaders are warning, there has been further criticism in the media. If You ask me: Private credit is under scrutiny. Defaults are...
Recent warnings about private credit are not coming from commentators. They are coming from the lending industry itself. According to Fitch Ratings, U.S. private-credit default rates are approaching...
Following publication of our earlier Intrepid Explorers credit-climate analysis, a reader asked more granular questions: Which specific industry sectors are most affected by the current tightening...