Private credit is not a systemic risk, PIMCO’s Ivascyn says

PIMCO CIO Daniel Ivascyn said the private credit market does not pose a systemic risk to the wider financial system. The comment is a reassuring risk assessment rather than a new policy action or market-moving event. Impact on broader markets should be limited absent new evidence of stress in private credit.

Analysis

PIMCO CIO Daniel Ivascyn said the private credit market does not pose a systemic risk to the wider financial system. The comment is a reassuring risk assessment rather than a new policy action or market-moving event. Impact on broader markets should be limited absent new evidence of stress in private credit.