Skip to content

Home / Signals / Marks vs market prices

Marks vs market prices

BDCs mark loans at 97.6% of cost; the market prices them far lower

Status
watch
Trend
worsening
Layer
3. Loans quietly go soft
Evidence dated
Sep 30, 2026
Source
Reuters via Investing.com: private credit firms mark down more loans
Checked
Oct 26, 2026

Score

Score 72.6 of 100 · data 87.6 · news 50. Hard data is scored against its own last few years: a normal day is 0, worse than 90% of its history is 80.

Hard dataNowScorePercentileAs ofSource
Listed BDCs vs junk bonds, last 20 days−7.1 pts87.693.8Oct 26source

What happened

BDCs carried loans at 97.57% of cost in Q2 while the market says otherwise: FS KKR trades at 57% of its June NAV, Prospect at 26% and Blue Owl Capital Corp at 71%, per today's closes. Moody's has 2026 maturities marked at 88.8% of cost. No new forced writedowns found.

What we watch

Private loan marks against public prices for similar debt. A widening gap is watch; big forced writedowns are flashing.

Past readings

CheckedStatusTrendReading
Oct 26, 2026watchworseningBDCs mark loans at 97.6% of cost; the market prices them far lower
Oct 25, 2026watchworseningBDCs mark loans at 97.6% of cost; the market prices them far lower