They said it
“We expect credit fundamentals for loans to continue to be softer in the US versus EU. Higher US rates will likely put pressure on the free cash flows of underperforming borrowers”
Taken from Alcentra’s 2025 Market Outlook
First look

Continuing litigation as Corinthia secures $5bn
The courtroom and the marketplace generally occupy different worlds: they may collide, but for long periods can seem only barely acquainted.