Market Leader in Private Credit

KBRA continues to track and present several key metrics in a dashboard format, sourced from quarterly collateral loan tapes provided by the issuers of KBRA-rated recurring revenue loan (RRL) asset-backed securities (ABS).

KBRA releases its Business Development Company Ratings Compendium, which looks at results for the quarter ended September 30, 2025, and 2026 Outlook.

KBRA releases its Q3 2025 Middle Market Borrower Surveillance Compendium, providing insights into credit quality across KBRA’s portfolio of rated direct lending transactions.

KBRA releases its 2026 Structured Credit Sector Outlook, which provides market and performance themes as of year-to-date (YTD) 2025, as well as issuance volume and forecasts for 2026, collateral performance trends, and rating surveillance outcomes.

KBRA's recap of the Private Credit Connect: East conference, held on October 20 at the Eden Roc Hotel in Miami. With up to 720 attendees, the conference reflected the changing tide in the private credit landscape, where direct lenders shared stages and meeting rooms with asset-based financiers and fund finance professionals.

KBRA analyzes 2025 structured credit trends, highlighting strong CLO issuance despite macro volatility, with $184B in new volume by August and renewed summer momentum.