On March 24, Moody's downgraded the credit rating of a private credit fund managed by KKR and Future Standard to junk status. The primary reason for the downgrade is the growth of bad loans within the fund. There is also a trend of retail investors rushing to withdraw funds from other major private credit funds like Blackstone and Apollo.
The U.S. Securities and Exchange Commission (SEC) has launched an inquiry into Egan-Jones, a rating agency central to the private credit market, over the accuracy of its loan ratings. The investigation focuses on thousands of private loans held by insurance companies, which rely on these ratings to determine…
Read the full storyFinancial markets are experiencing a significant tightening of credit conditions driven by rising bond yields and borrowing costs occurring independently of official policy. This uptick is largely linked to increased geopolitical risks following the onset of the Iran conflict in late February 2026. Additionally, the…
Moody's Investors Service has downgraded a private credit fund managed by KKR and Future Standard to junk status, citing a significant increase in non-performing loans. The rating agency highlighted that the primary driver for the downgrade is the deteriorating asset quality within the fund's portfolio, raising…