Bloomberg reported that defaults in the U.S. private credit market fell in Q1 2021 as the nation’s abating pandemic triggered a surge in economic growth, and investors hunting for yield grew more willing to finance struggling companies.
According to the Bloomberg report, the proportion of loans that defaulted or remained in default fell to 2.4%, according to a private credit market index from law firm Proskauer.
To read the full Bloomberg story, click here.