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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
S&P Global Ratings recently launched its Liquidity Outlook for 2026 addressing six key questions across several core themes including private credit, the AI boom and its impact on technology sector issuance, increasing leverage at nonbank financial institutions, evolution of U.S. Fed leadership, and global impact of Japanese yields.
About this update from S&p Global Inc.
[{"type":"text","content":"New analysis shows: ","length":19,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Private Credit surging as a vital funding source, particularly for lower-rated borrowers facing significant refinancing needs through 2028. ","length":139,"tagName":"p"}]},{"val":[{"type":"text","content":"Primary bond markets' capacity to absorb Tech issuance will be tested even though hyperscalers' cash flows","length":114,"tagName":"p"}]},{"val":[{"type":"text","content":"Limited transparency and reliance on short-term funding make highly leveraged NBFIs, particularly hedge funds, a significant source of financial fragility.","length":155,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":408,"olType":false},{"type":"text","content":"LONDON, Feb. 17, 2026 /PRNewswire/ -- S&P Global Ratings recently launched its Liquidity Outlook for 2026 addressing six key questions across several core themes including private credit, the AI boom and its impact on technology sector issuance, increasing leverage at nonbank financial institutions, evolution of U.S. Fed leadership, and global impact of Japanese yields.","length":381,"tagName":"p"},{"type":"image","alt":"S&P Global Ratings (PRNewsfoto/S&P Global Ratings)","displaySize":"","headline":null,"caption":"S&P Global Ratings (PRNewsfoto/S&P Global Ratings)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":223,"url":"https://media.zenfs.com/en/prnewswire.com/c0b81563fa1a052a3470121500190e66"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_WH9ZuohTDoqRBkbfq2LqQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5MztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c0b81563fa1a052a3470121500190e66","width":400,"height":223}},"href":"https://mma.prnewswire.com/media/2837675/SP_Global_Ratings_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In the report, "Liquidity Outlook 2026: Six Questions, Six Answers," the analysts also note that the U.S. Federal Reserve is likely to pursue measured rate cuts in 2026, while its strong institutional foundation will continue to bolster confidence in its independence.","length":278,"tagName":"p"},{"type":"text","content":""We identified six key issues that could affect credit market liquidity over the coming year and provide our views," said ...