They said it
“Weak credit protections, economic uncertainties and risky LBO issuers will keep distressed exchange-related defaults elevated this year”
A takeaway from Moody’s Ratings quarterly update on corporate defaults and recoveries in the US
First look

Australia’s mini-Blackstone to ‘open books’
HMC Capital, the Australian Securities Exchange-listed fund manager, will aim to be a “market leader” in transparency and disclosure, ahead of an anticipated increase in regulatory scrutiny on Australian private credit.