The latest piece in KBRA's #privatecredit research series is an update to the previous piece that explored the potential ramifications of 12% interest costs on borrowers. Since 12% borrowing costs arrived for most in Q3 2023, this piece now more closely examines interest coverage and liquidity and where potential issues could arise. You can read more in the article via the below link.
KBRA released an update to its research regarding the 2024 outlook for #privatecredit middle market borrowers, with a special focus on two variables that are worthy of focused attention: #interestcoverage and #liquidity. Read the full report here: https://lnkd.in/ef6PkraE
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