UBS Group AG has raised its private credit default forecast, with its strategists warning that losses could reach as high as 15% in a worst-case scenario, up from 13% just weeks ago, according to a report by Bloomberg.
The bank said the increase reflects growing fears that rapid artificial intelligence disruption could trigger severe stress among corporate borrowers. Technology companies, in particular, are seen as highly vulnerable to AI-driven upheaval.
Current default levels in private credit...
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