Private Credit Emerges as a Vital Funding Source
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy SPGI?
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: 409.540
Low
546.00
Averages
617.77
High
675.00
Current: 409.540
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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- 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.
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- Liquidity Outlook Analysis: The report by S&P Global Ratings highlights the potential impact of increasing leverage at nonbank financial institutions on market volatility, emphasizing that this trend could lead to liquidity risks that affect the stability of credit markets.
- Fed Policy Outlook: The report indicates that the Federal Reserve is likely to pursue measured rate cuts in 2026, while its strong institutional foundation will continue to bolster confidence in its independence, providing greater policy transparency for market participants.
- Impact of Japanese Yields: Analysts believe that rising Japanese bond yields are unlikely to have a major, sustained impact on global bond markets, offering crucial insights for investors making decisions in the global landscape.
- Role of Private Credit: The report explores whether private credit will act as a competitor or complement to broadly syndicated lending in 2026, highlighting the significance of this sector in future credit markets, which could influence capital allocation and financing strategies.
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- 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.
See More
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Market Implications: This adjustment may reflect changing market conditions or company performance expectations.
See More
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- Climate Risk Data Sharing: The collaboration between S&P Global Energy and Verisk integrates climate catastrophe risk data for the first time, enabling the financial and insurance sectors to quantify the financial impacts of future climate events, thereby establishing a new industry benchmark for climate risk management precision.
- Innovative Model Integration: Verisk's climate catastrophe risk data will be integrated into S&P Global's climate risk platform, with projections of future climate events modeled through 2050, assisting insurers in assessing the impact of climate change on portfolio risk and enhancing their adaptive capabilities.
- Enhanced Industry Impact: This partnership not only meets regulatory demands for climate risk disclosure but also provides decision-grade data for banks and asset managers, driving strategic transformations in climate risk management and capital allocation while increasing market transparency.
- Promoting Sustainable Development: By offering comprehensive climate risk analysis, the collaboration between S&P Global and Verisk will help clients transition from reactive climate compliance to proactive resilience, setting a new standard for industry responses to climate change.
See More
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- Value Investing Perspective: Despite Meta's forward P/E ratio exceeding 21, Ackman believes the stock price underestimates the company's long-term growth potential in AI, viewing the current valuation as a deep discount for one of the world's leading businesses.
- Capital Expenditure Outlook: Meta's projected capital expenditures could reach up to $135 billion by 2026, primarily for superintelligence development; however, Ackman is not concerned, asserting that the company's financial flexibility can support these investments while its core advertising business remains a cash cow.
- Market Confidence: Ackman's investment is already paying off, with Meta's stock rising 11% in 2025, and among 67 Wall Street analysts, 62 rated the stock as a
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- Long-Term Investment Confidence: Analysts express optimism about eight stocks that have experienced fluctuations, believing they still possess the ability to generate profits for shareholders in the long run, reflecting a strong market confidence.
- Amazon's Investment Potential: Among the stocks discussed, Amazon (NASDAQ:AMZN) is highlighted as a favorite investment choice, as its long-term growth prospects continue to attract investor interest despite facing challenges.
- Video Content Promotion: The video, published on January 10, 2026, aims to engage viewers to subscribe to the channel and learn more about investment opportunities, while also providing a special offer link to enhance viewer participation.
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