Moody’s has warned about US private debt borrowers who are delaying interest payments and extending maturities to mask underlying credit stress. Among 607 monitored borrowers, the default rate rose from 4% to 5.8% when including distressed amendments and maturity extensions, suggesting official figures underestimate real financial distress. NuScale Power is cited as an example, with bankruptcy odds set at 10.5% by end of 2027 and 27% by 2030 according to prediction markets.
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