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KBRA reports relative resilience for 2023

by Silvia Saccardi 12 January 2023

KBRA, a global rating agency, has predicted there will be relative resilience in private credit in the coming year, ahead of uncertain economic headwinds.

The agency’s report rates 40 asset managers focusing on PE and private credit strategies, with a total of approximately $2.6trn in AUM.

The positive outlook should assist fund managers in navigating emergent challenges such as high interest rates, persistent inflation and a weakening economy, when it comes to maintaining a stable credit score.

The ratings resilience is said to derive from the following positive attributes:

  • Revenue stability – comparatively stable management fees in addition to the opportunity to generate considerable carry and investment income.

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