BDC Weekly Review: Default Rate Estimates Are All Over The Place We take a look at the action in bu...

BDC Weekly Review: Default Rate Estimates Are All Over The Place We take a look at the action in business development companies through the fourth week of September and highlight some of the key themes we are watching. BDC sector valuations have declined, presenting attractive entry points as future yield on price rises with Fed rate hikes. Default rates in private credit are low by payment metrics (~1.5%), but amendment activity and lender-control events are increasing.