{
  "id": 5133706,
  "title": "US private credit firms mark down more loans",
  "url": "https://urgent.news/2026/09/02/us-private-credit-firms-mark-down-more-loans",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T17:19:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/us-private-credit-firms-mark-down-more-loans-4886397"
  },
  "original_language": "en",
  "account": null,
  "summary": "U.S. private credit firms have been marking down select software loans and reporting a rise in debt that has stopped generating income, according to a Reuters analysis of regulatory filings from 44 U.S. business development companies (BDCs). While portfolio values showed signs of stabilising in the second quarter after a broad deterioration early in the year, the aggregate fair-value-to-cost ratio fell to 97.77% in the first quarter from 99.25% at end-December, and eased further to 97.57% in the second quarter. The markdowns are largely a result of weaker deal flow, redemption pressure at non-traded funds, softer sentiment, concerns over AI-driven software disruption, and near-term debt maturities. About 4% of all borrowers had loans marked below 80% of par, up from around 1% from 2023 through 2025, indicating that a relatively narrow group of investments accounted for an outsized share of unrealized losses at several prominent BDCs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}