Key Takeaways
- • Private credit default rates moderated to 2.41% in Q3 2026, according to Proskauer data cited by CreditSights.
- • Defaults remained uneven across industries, with technology-related defaults moving against the broader improving trend.
- • Smaller borrowers experienced greater default pressure than larger businesses, which generally showed stronger default performance.
- • The full CreditSights report covers senior secured and unitranche loan data, software and technology borrower trends, and EBITDA segment comparisons, but is gated behind a form.
Summary
Private credit default conditions moderated during the latest reporting period, according to a CreditSights US market commentary published 27 October 2026 and based on Proskauer data. The default rate in the index stood at 2.41% in Q3, per the commentary. Broader performance nevertheless remained uneven across industries, and the improvement was not uniform.
Borrower size emerged as a key differentiator. Smaller borrowers experienced greater pressure than some larger businesses, and the commentary notes that larger companies generally demonstrated stronger default performance, helping to support the overall moderation. CreditSights argues that borrower scale remains important when evaluating credit resilience in private lending markets.
Technology-related defaults moved against the broader improving trend, which the commentary characterizes as a possible sign of emerging vulnerability in that sector. The full report examines contrasting trends among software and technology borrowers, as well as performance across smaller and larger EBITDA segments and senior secured and unitranche loan data.
The publicly available excerpt does not disclose the full methodology or additional quarterly comparisons. Readers requiring granular sector or EBITDA-segment data would need access to the complete CreditSights report.
Borrower size emerged as a key differentiator. Smaller borrowers experienced greater pressure than some larger businesses, and the commentary notes that larger companies generally demonstrated stronger default performance, helping to support the overall moderation. CreditSights argues that borrower scale remains important when evaluating credit resilience in private lending markets.
Technology-related defaults moved against the broader improving trend, which the commentary characterizes as a possible sign of emerging vulnerability in that sector. The full report examines contrasting trends among software and technology borrowers, as well as performance across smaller and larger EBITDA segments and senior secured and unitranche loan data.
The publicly available excerpt does not disclose the full methodology or additional quarterly comparisons. Readers requiring granular sector or EBITDA-segment data would need access to the complete CreditSights report.
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