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Pimco Sees Crisis of 'Bad Underwriting' in Private Credit
News March 13, 2026 at 11:32 AM
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What You Need To Know
- "It's not just a crisis of confidence, it's a crisis of really bad underwriting," said Christian Stracke, the firm's president.
- The $1.8 trillion private credit market is witnessing an exodus of investors.
- JPMorgan is restricting some lending to private credit funds after marking down the value of certain loans in their portfolios.
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