Private Credit, Tech Issuance fuelled by AI, and Increasing Leverage Among Key Driving Factors Impacting Credit Market Liquidity in 2026 according to S&P Global Ratings [Accessibility Statement] Skip NavigationNew analysis shows:- Limited transparency and reliance on short-term funding make highly leveraged NBFIs, particularly hedge funds, a significant source of financial fragility.- Primary bond markets' capacity to absorb Tech issuance will be tested even though hyperscalers' cash flows- Private Credit s ...