In the second quarter of 2026, US private credit portfolios showed signs of stabilization despite ongoing markdowns in software loans, with an increase in non-accrual debt impacting portfolio values.
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Key takeaway
US private credit portfolios stabilized in Q2 2026, but software loan markdowns and non-accruals persist.
- Step 1 · The triggerUS private credit portfolios stabilize, but software sector loans face ongoing markdowns and rising non-accruals
- Step 2 · Knock-onsoftware companies in the US experience tighter credit access and higher financing costs
- Step 3 · Knock-onUS-based software vendors may adjust pricing or service terms to manage cash flow and credit constraints
- Step 4 · Reaches youIndian SMEs relying on these vendors face potential price hikes, service disruptions, or contract renegotiations, impacting operational costs
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: IN:Economic Times
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