Reading the graph
Reading the graph
11 BDC lenders hold $83M 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.
A••••• A••••••••• C••• I• · 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 66 to 52 cents on cost at 2025-09-30, the 3rd consecutive quarter the screen fired
Why now: State INTENSIFIED at the 2025-09-30 quarter end, readable when the filing landed on 2026-08-10. An earlier reading: the 2025-12-31 reading of the same borrower is newer and did not fire again.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| N•••• H•••• P•••••• I••••• F••• L•• | $9.87M | 100¢ | 0 pts |
| C•••••• S•••••• L••••••• I••• | $6.57M | 100¢ | 0 pts |
| B•••••••• T•• C•••••• C•••• | $6.33M | 100¢ | 0 pts |
| T• S••••• B•• L•• | $5.44M | 100¢ | 0 pts |
| C•••••• C••••• S••••••••• I••• | $4.64M | 100¢ | 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
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| M••••• S•••••• D••••• L•••••• F••• | $3.76M | 100¢ | 0 pts |
| P••••••••• F••••••• R••• C•••••• L••• | $2.06M | 100¢ | 0 pts |
| P••••••••• I••••••••• C••• | $1.82M | 100¢ | 0 pts |
| S••••• P•••• S•••••••• L•••••• F••• | $1.5M | 85¢ | 0 pts |
| B•••••••• P•••••• C••••• F••• | $1.01M | 100¢ | 0 pts |
| B•••••••• D••••• L•••••• C•••• | $905K | 100¢ | 0 pts |
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