Pimco Blames Sloppy Underwriting for Private Credit ‘Reckoning’

The rising strain in the private credit market is a result of years of sloppy underwriting standards in lending, according to Pacific Investment Management Co.

By Finbarr Flynn, Harry Suhartono · Bloomberg Markets

The rising strain in the private credit market is a result of years of sloppy underwriting standards in lending, according to Pacific Investment Management Co.