(HedgeCo.Net )— Moody’s decision to revise its outlook to negative on Blackstone Secured Lending Fund and Golub Capital BDC marks another important warning signal for the private credit market. The change does not mean either vehicle is in immediate distress. It does not imply an imminent default. It does not suggest that private credit as an asset class is broken. But it does show that the market’s most important observers are beginning to scrutinize the sector with far more urgency than they d...
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