The Globe and Mail reports in its Thursday, Sept. 3, edition that United States private-credit portfolio values stabilized in the second quarter after early-year declines. A Reuters dispatch to The Globe reports that private credit faced increased scrutiny this year due to opaque valuations, redemption pressures in non-traded funds, and concerns about software exposure and declining borrower performance. An analysis of regulatory filings from 44 U.S. business development companies (BDC) revealed that portfolio values declined further below reported costs in early 2026 due to widening market spreads and stress among borrowers, especially in the software sector. JPMorgan analyst Sitara Sundar says, "What we are seeing is largely a repricing," pointing to weaker deal flow, redemption pressure at nontraded funds, softer sentiment, concerns over artificial intelligence-driven software disruption and near-term debt maturities. The 44 BDCs had investments with a combined fair value of $92.88-billion on June 30, compared with $95.19-billion of reported cost or amortized cost (all figures U.S.). At the end of 2025, fair value was $95.82-billion against a cost of $96.54-billion.