Moody’s Ratings Global Head of Private Credit, Marc Pinto: “We are beginning to see an increasing number of defaulted debts and observing that borrowers are facing greater difficulties. Banks and lenders are not only monitoring defaulted debts but also maintaining ‘watch lists’ that identify which companies are likely to encounter challenges in the future. These watch lists are growing. Thus, it’s almost like a tale of two cities: on one side, investable debt supported by hyper-scalers; on the other, a segment of the market facing difficulties and no longer considered investable.”
