Private credit bubble risks collapse
Credit market distress levels have risen as non-performing loans increase, reaching record highs since 2017 amid declining quality of investment portfolios. Data shows that interest-free loans among the top 20 listed business development companiesrose to an average of 2.8% in the second quarter, up from 2% in March, accompanied by warnings of mounting credit pressures. Despite some optimistic comments from executives, challenges continue to emerge due to rising borrowing costs and companies being affected by market pressures, along with a decline in stock prices for several major corporations.
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