Several reports are flagging stress in the BDC market, but according to Sourav Srimal, SOLVE Chief Growth Officer, data provides one of the clearest underlying signals of deterioration.
In its third-quarter analysis, SOLVE found that 56 BDCs reported at least one new non-accrual, up from 42 in the prior quarter. New non-accruals rose to $1.6 billion from $1.2 billion, representing 26.3% of the $6.1 billion total—evidence of modest but notable quarter-over-quarter weakening in credit quality.
During a recent webinar, SOLVE’s Chief Growth Officer, Sourav Srimal, emphasized that with non-accruals trending higher, heightened vigilance is warranted.
While fundraising slowdowns and rising redemptions are grabbing headlines, SOLVE’s market-based data highlights what matters most: early signs of credit stress emerging beneath the surface of BDC portfolios.
Read the full article: Several reports on BDCs point to deteriorating picture
About SOLVE
SOLVE is the leading market data platform provider for fixed-income securities, trusted by sophisticated buy-side and sell-side firms worldwide. Founded in 2011, SOLVE leverages its AI-driven technology and deep industry expertise to offer unparalleled transparency into markets, reduce risk, and save hundreds of hours across front-office workflows. With the largest real-time datasets for Securitized Products, Municipal Bonds, Corporate Bonds, Syndicated Bank Loans, Convertible Bonds, CDS, and Private Credit, SOLVE empowers clients to transform the way they bring new securities to market, trade on secondary markets, and value highly illiquid securities. Headquartered in Connecticut, with offices across the globe, SOLVE is the definitive source for market pricing in Fixed Income markets.