S&P Global Report: Public and Private Credit Markets Converging Towards 2025
S&P Global Market Intelligence‘s New Report on Credit Markets
S&P Global Market Intelligence has released a new report, titled Public and Private Markets Outlook: Converging on Credit, which discusses the growing connection between public and private credit markets. This trend is expected to continue into 2025.
In 2024, public and private credit markets have become more intertwined. Public debt markets are expanding, while the private credit market is also growing, with a value of $1.5 trillion. Analysts note that many companies now use private credit sources significantly.
Gavan Nolan, Executive Director at S&P Global Market Intelligence, pointed out that the decrease in Credit Default Swap (CDS) credit events relates to the rise of private credit. Companies increasingly rely on private lines of credit. This trend raises concerns about the transparency and risk measurement in private credit funds.
Key Highlights:
- The global private credit market is expanding as banks and fund managers look for new partnerships.
- Credit events in the CDS market remain low, with only two credit event auctions in 2024, marking the fourth consecutive year with minimal activity.
- The private credit market approaches $2 trillion. Some regulators want more rules and transparency in this space.
- The private credit market is expected to double by 2028 in terms of total assets under management.
To request a copy of the report, contact press.mi@spglobal.com.
About S&P Global Market Intelligence
S&P Global Market Intelligence provides accurate and insightful information to help clients make informed decisions. It is a part of S&P Global (NYSE: SPGI), a leading provider of credit ratings and analytics.
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Amanda Oey
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SOURCE: S&P Global Market Intelligence