Private Credit Risks ‘Inflated’ Ratings by Small Firms, BIS Says
Private credit grades used by insurance companies tend to be concentrated among smaller ratings firms, raising the risk of “inflated assessments of creditworthiness,” the Bank for International Settlements said.
By Rene Ismail · Bloomberg Markets
Private credit grades used by insurance companies tend to be concentrated among smaller ratings firms, raising the risk of “inflated assessments of creditworthiness,” the Bank for International Settlements said.