S&P 500 & Equities·Bloomberg Markets· 1h ago

Private Credit Default Rates to Reach 8%, Morgan Stanley Says

Strategic Analysis // Ian Gross

"Rising private credit defaults, particularly within technology-exposed portfolios, signal potential capital reallocation away from higher-risk direct lending strategies. This trend could pressure institutional LPs to re-evaluate illiquidity premiums and underlying sector exposures, impacting future fundraising and market structure across alternative asset classes."

Human-Vetted Professional Intelligence

The Big Market Report Take

Morgan Stanley now projects private credit default rates hitting 8%, citing AI's disruptive influence on software. Apparently, even the most sophisticated algorithms can't make a bad loan good. Some things never change.

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