Reading the graph
Reading the graph
3 BDC lenders hold $17M 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••••• S•••••••• 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 59 to 54 cents on cost at 2025-12-31, the 2nd consecutive quarter the screen fired
Why now: State INTENSIFIED at the 2025-12-31 quarter end, readable when the filing landed on 2026-08-06. An earlier reading: the 2026-06-30 reading of the same borrower is the current one.
Earlier readings: 59¢ (Sep 30, 2025) → 54¢ (Dec 31, 2025), this reading
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| P••••• S••••• C•••••• B•• I••• | $15.2M | 47¢ | -20 pts |
| B•• I••••••••• C••• | $10.8M | 29¢ | -20 pts |
| B• P••••••• L•••••• C••• | $5.4M | 28¢ | -19 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 50.5: consequence 5, commercial 5, timeliness 1, novelty 1, confidence 4, magnitude 1, affected 4, 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