Morningstar Sees Limited Implications from First Brands on Financials, Autos, and Direct Lending (JEF:NYSE)

Morningstar|DBRS sees some pain, but limited fallout, from the First Brands bankruptcy on financial institutions, the auto sector, and middle-market private lenders. However, the recent growth in private credit financing confirms that this will not be the last failure of a closely related business to resonate through