SQM Research, one of the largest ratings agencies covering private credit, has put the burgeoning sector on “watch” amid an uptick in problem loans, and accusations it has a transparency problem.
SQM said the firm would now step up its monitoring of the sector and adjust how it rates funds to increase the weighting of how well they are governed and heighten its due diligence when funds first apply to be rated.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.