'Nobody underwrote for that': Private credit faces a key test as higher rates squeeze borrowers

Private credit is facing a new pressure point from elevated rates, which could hit under-pressure borrowers.

# 'Nobody underwrote for that': Private credit faces a key test as higher rates squeeze borrowers Private credit is facing a new pressure point from elevated rates, which could hit under-pressure borrowers. **Read the full article:** [CNBC](https://www.cnbc.com/2026/07/14/private-credit-stress-test-inflation-borrowers.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*