Software default rates could hit double digits as AI disruption spreads and loans come due, according to Bain Capital. “We’re going to see real stress,” said Angelo Rufino, the firm’s head of special situations in North America and corporate special situations in Europe. “We will see a full credit cycle as the reckoning really comes to resize capital structures to the earnings power of these business models,” he tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s David Havens in this episode of the Credit Edge podcast. They also discuss investment-grade private credit, data center debt and asset-based finance, including the rise of music-royalty deals.

<p>Software default rates could hit double digits as AI disruption spreads and loans come due, according to Bain Capital. &ldquo;We&rsquo;re going to see real stress,&rdquo; said Angelo Rufino, the firm&rsquo;s head of special situations in North America and corporate special situations in Europe. &ldquo;We will see a full credit cycle as the reckoning really comes to resize capital structures to the earnings power of these business models,&rdquo; he tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s David Havens in this episode of the Credit Edge podcast. They also discuss investment-grade private credit, data center debt and asset-based finance, including the rise of music-royalty deals.</p>

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

<p>The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.</p>

The Credit Edge by Bloomberg Intelligence

Bain Sees Software Debt Defaults Spiking

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