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European private loan market falters as corporate credit stress mounts

Direct lending, a key but expensive source of credit for riskier European firms that banks often shy away from, is running out of steam, a fresh sign that aggressive interest rate rises may be starting to cause funding stress and exacerbate economic pain. Fundraising and deal-making have dropped sharply at European private debt funds, new data shows. The European private credit industry, which flourished after the 2008 financial crisis as capital-constrained banks cut lending, has raised 26.1 ...
City Of United Kingdom Naomi Rovnick Catherine Evans Patrick Marshall Dhara Ranasinghe
Source: yahoo.com

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