Moody’s Warns Tech-Heavy Private Credit BDCs Face 2028 Debt Maturity Risks

Private credit business development companies (BDCs) face significant risks from a looming wave of debt maturities in 2028, particularly those with heavy exposure to software and technology loans, according to Moody's Ratings. Marc Pinto, global head of private credit at Moody's, highlighted these concerns during appearances on Bloomberg's "Real Yield" program, warning of rising refinancing challenges and potential credit deterioration as these debts come due. Funds overly concentrated in the volatile tech sector could struggle to roll over borrowings in a tougher market environment.