Private Credit Exodus Turns Moody’s Outlook on BDCs to Negative

Pedestrians on Park Avenue in the Plaza District of New York, US, on Tuesday, March 24, 2026.

• Pedestrians on Park Avenue in the Plaza District of New York, US, on Tuesday, March 24, 2026
• The world's largest alternative asset managers, which for years have fueled the private credit boom, are suddenly grappling with investors skittish about the industry's lending practices and exposure to businesses vulnerable to artificial intelligence