Private-Credit Default Rate Eased to 4.5% in 1Q: Fitch

Private credit defaults were little changed in the first quarter, according to Fitch Ratings, with the trailing 12-month rate easing to 4.5% from the fourth quarter’s 4.6%.

• There were 17 unique defaults last quarter, putting the trailing 12-month total at 56
• Excluding middle-market CLOs, the trailing default rate in Fitch’s privately monitored ratings portfolio declined to 7.8% in the first quarter from 8.1% in the last three months of 2024

To contact the reporter on this story:
Rene Ismail in New York at rismail31@bloomberg.net

To contact the editors responsible for this story:
Lauren Tara LaCapra at llacapra1@bloomberg.net

Kevin Kingsbury

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