Fitch Ratings Commentary Page

This page will focus on insights and commentary from our Partner, FitchRatings.

• BDC Valuations Weaken in 1Q26 as Leverage Rises and Dividend Pressure Builds posted June 18, 2026 *new*
• US Corporate Default Volume Rose in May; TTM Rates In-Line with 2026 Forecasts posted June 18, 2026 *new*
• Fitch Ratings' U.S. Private Credit Default Rate Remains at Record High 6.0% in May 2026 posted June 15, 2026 *new*
• US BSL CLO Defaults Rose in May on Missed Payments and Distressed Debt Exchanges posted June 12, 2026 *new*
• U.S. Retail Bankruptcies Show Weak Recoveries, High Liquidation Rates posted June 10, 2026 *new*
• Private Debt PIK May Pressure MM CLO Portfolio Metrics, BDC Liquidity posted May 21, 2026
• April Default Trends Mixed as Conflict with Iran Keeps Risks Elevated posted May 18, 2026
• Fitch Ratings’ U.S. Private Credit Default Rate Hits a High of 6.0% in April 2026 posted May 18, 2026
• U.S. CLO Issuance Slows; Spreads Widen For the Second Month in April posted May 14, 2026
• Software Maturity Wall Poses Challenge for U.S. BSL CLOs posted May 12, 2026