Private Credit Emerges as a Vital Funding Source
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2026
0mins
Source: Newsfilter
- Surge in Private Credit: Private credit lending reached nearly $146 billion in 2025, exceeding broadly syndicated loan issuance for 'B-' and below-rated borrowers for four consecutive years, indicating strong demand for financing among lower-rated entities and enhancing market liquidity.
- Record Tech Debt Issuance: In 2025, tech sector debt issuance accounted for 16.7% of global non-financial corporate bond issuance, up from 11.6% the previous year, reflecting the ongoing capital expenditure needs driven by AI infrastructure development among tech companies.
- Increased Refinancing Pressure: U.S. maturities of 'B-' and below-rated debt are projected to surge to $215 billion by 2028, up from $56.6 billion in 2026, creating significant refinancing pressure for leveraged borrowers, which could lead to increased market volatility.
- Data Center Securitization Growth: Global data center securitization volumes topped $30 billion in 2025, nearly tripling from just over $10 billion in 2024, indicating strong demand for data center financing and suggesting that this growth trend is likely to continue.
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Analyst Views on SPGI
Wall Street analysts forecast SPGI stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 424.820
Low
546.00
Averages
617.77
High
675.00
Current: 424.820
Low
546.00
Averages
617.77
High
675.00
About SPGI
S&P Global Inc. provides essential intelligence. Its operations consist of five businesses: S&P Global Market Intelligence (Market Intelligence), S&P Global Ratings (Ratings), S&P Global Commodity Insights (Commodity Insights), S&P Global Mobility (Mobility) and S&P Dow Jones Indices (Indices). Market Intelligence is a global provider of multi-asset-class data and analytics integrated with purpose-built workflow solutions. Ratings is an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings and benchmarks. Commodity Insights is an independent provider of information and benchmark prices for the commodity and energy markets. Mobility is a provider of solutions serving the full automotive value chain, including vehicle manufacturers and retailers. Indices is a global index provider that maintains a variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- High-Value Metals Attract Thieves: The presence of precious metals like platinum, palladium, and rhodium in catalytic converters, particularly with rhodium prices doubling to about $11,000 per ounce in the past year, has made these devices prime targets for theft.
- Expensive Replacement Costs: Replacement costs for catalytic converters can reach up to $3,000, especially for motorists lacking comprehensive insurance, which exacerbates the financial strain on victims of these thefts.
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