KBRA Releases Research – Private Credit: Medallia’s Looming Default Will Be Widely Dispersed
11 May 2026 | New York
KBRA releases research examining the potential impact of Medallia's looming default on the private credit universe. Although this represents one of the larger term loans in the direct lending market—at nearly $3 billion—we conclude that KBRA-rated vehicles with exposure, as well as the broader direct lending market, are well positioned to absorb any potential losses.
Click here to view the report.
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