Private credit defaults have officially reached a record. According to Fitch Ratings, the default rate rose to 6.3% in August, exceeding the previous record set only one month earlier. But the most important number may not be 6.3%. It may be Fitch's 45%. And that reveals the bigger story, one about liquidity and tightening.
Eurodollar University's Money & Macro Analysis
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https://www.fitchratings.com/research/corporate-finance/fitch-ratings-us-private-credit-default-rate-rose-to-6-3-in-august-2026-14-09-2026
https://www.youtube.com/watch?v=zWO2kJpwoGw
https://www.bloomberg.com/news/videos/2026-09-17/chelsea-owner-clearlake-capital-buys-out-boehly-walter-video
https://www.youtube.com/watch?v=pNJjalgE5nM
https://www.youtube.com/watch?v=CO5aBQoWvMA
https://www.youtube.com/watch?v=DK8J68R5H5c
https://www.bloomberg.com/news/articles/2026-09-17/private-credit-defaults-are-1-6-or-19-depending-who-you-ask
https://www.bloomberg.com/news/articles/2026-09-17/blackstone-looks-to-cash-out-some-real-estate-fund-investors
https://www.bloomberg.com/news/articles/2026-09-16/banks-line-up-22-billion-chip-loan-tied-to-blackstone-alphabet
https://www.bloomberg.com/news/articles/2026-09-16/softbank-cds-hovers-near-3-year-high-on-openai-funding-concerns
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
I’ll also be active on Bravais Social - a new AI-centered social network designed for professionals and knowledge workers. The platform aims to bring together a wider range of tools and functionalities tailored specifically for professional interaction, research, and knowledge exchange in one place.
You can find me here: https://bravais.social/profile/edu
What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.