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Another major development in private credit crisis - yes, it is a crisis now. Moody's downgraded a $13 billion KKR co-managed private credit fund, citing "asset quality challenges." This is a huge escalation for three key reasons we'll go over here.

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Join us for our free webinar Thursday March 26, 2026 at 6pm ET. With credit market developments escalating even more, and major market moves accompanying them, we're going to go over where everything stands but also look forward at the potential scenarios coming out of what continues to look like a global bust.

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Retail investors pull billions from private capital’s credit gold mine
https://www.ft.com/content/3103e960-5e54-4cff-a439-b61a77ab21bd?syn-25a6b1a6=1

Blackstone’s Gray: Market ‘noise’ fueled record redemptions from world’s largest private credit fund
https://www.cnbc.com/2026/03/03/blackstone-private-credit-fund.html

Moody's
https://ratings.moodys.com/ratings-news/461835