Non-accruals, PIK discounts, and distress rise across top BDCs
The largest publicly traded business development companies (BDCs) are showing signs of credit deterioration as non-accruals increase, PIK income is heavily discounted, and distressed debt rises. These trends suggest growing pressure on the sector amid a challenging credit cycle.
Topics: Business Development Companies (BDCs) Distressed debt Non-accruals PIK income Private credit