Reading the graph
Reading the graph
4 BDC lenders hold $19M of funded debt at cost; no sponsor bridged. Borrowers this screen flags reached non-accrual at 5.89x the population rate within a year, median warning 142 days (stage-6 harness, non-accrual outcome). Non-accrual is the lender's own determination, not a court's: this is a mark signal, not a default prediction.
I••••••• I••••••••• L•• · borrower
a detector's reading of facts over time and relationships; a reading, not a fact
DFX product: Credit Attention / portfolio monitor
Consensus lender mark moved from 43 to 37 cents on cost at 2025-12-31, the 6th consecutive quarter the screen fired
Why now: State INTENSIFIED at the 2025-12-31 quarter end, readable when the filing landed on 2026-08-10. An earlier reading: the 2026-03-31 reading of the same borrower is newer and did not fire again.
Earlier readings: 43¢ (Sep 30, 2025) → 37¢ (Dec 31, 2025), this reading
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| C••• I••••••••• C••• | $10.7M | 46¢ | -1 pts |
| C••••••• C•••••• B••• I••• | $3.62M | 34¢ | -4 pts |
| M••• S••••• C•••••• C••• | $3.16M | 15¢ | 0 pts |
| M•• I••••• F•••• I••• | $2.96M | 15¢ | 0 pts |
the next quarter's consensus mark recovers; the facility is repaid or refinanced
the next quarter's consensus mark recovers; the facility is repaid or refinanced
Rank 53.5: consequence 5, commercial 5, timeliness 1, novelty 1, confidence 4, magnitude 2, affected 5, actionability 4, measured lift 5.89; an earlier reading, a newer one supersedes it
Buyer classes for this family: Private credit lenders, PE sponsors, Special situations funds, Restructuring advisers, LPs and allocators.
Family: tranche markdown intensified · sellable · computed today