Here are the ways private-credit pain could hurt your portfolio

Reports this week that JPMorgan Chase JPM plans to curb lending to the space, after lowering some of its loan valuations, unnerved investors.“Risk is rising, especially for smaller banks: Aggressive growth and competition could weaken underwriting standards and elevate credit risk,” the authors of the Moody’s report wrote.A report from Moody’s published late last year cited government data showing that U.S. banks with more than $10 billion in assets had $299.3 billion in outstanding loans to various purveyo ...