BondsMedium•7 November 2026•
1 min read
Private Credit Defaults Hit Record 22% Quarterly Jump, KBRA Reports
Key Facts
1Private credit defaults rose by a record 22% from the previous quarter, according to KBRA.
2A record 112 borrowers defaulted on their obligations.
Private credit defaults rose by a record 22% from the previous quarter, according to KBRA. BusinessLine reported that a record 112 borrowers defaulted on their financial obligations during the latest period.
Smaller borrowers in the lower and core middle markets are facing increasing liquidity, leverage, and operating pressures. The data from the rating agency marks the largest quarterly increase on record for the private credit sector.