Moody's: Private Credit Faces 2028 Test

Marc Pinto, the Global Head of Private Credit at Moody's Ratings, joins Bloomberg Open Interest to explain why private credit is entering a pivotal phase. While AI infrastructure spending is creating huge lending opportunities, cracks are beginning to emerge in software-focused portfolios. Pinto warns that the real test comes in 2028, when a wave of refinancing could expose which borrowers survive and which don't.