Barclays Says Soaring BDC Risk Premiums Are ‘Justified’
(Bloomberg) — Investors are demanding higher risk premiums to own the debt of business development companies, reflecting their anxiety around private credit exposure, according to Barclays Plc. A broad-based index of the debt shows spreads climbing 80 basis points to 260 basis points this year, reaching “rarefied territory,” strategists including Corry Short wrote on March…