Reading the graph
Reading the graph
2 BDC lenders hold $31M 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.
H• W•••••••• H•••••••• 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 83 to 69 cents on cost at 2025-09-30, the 2nd 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 2026-03-31 reading of the same borrower is the current one.
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| S•••••• P•••••• C••••• B•• | $979K | 100¢ | +42 pts |
| P••••••••• I••••••••• C••• | $403K | 100¢ | +67 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 49.5: consequence 5, commercial 5, timeliness 1, novelty 1, confidence 4, magnitude 1, affected 3, 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