Market Note · October 28, 2026
When capital is available, structure still matters
Proskauer reports a 2.41% default rate in Q3. For smaller borrowers, discounted loan marks tell a more complicated story.
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Perspectives on middle-market credit.
Market notes, quarterly briefs and firm news from the Zeonix team on credit, structuring and capital markets.
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Middle Market Credit Brief · Q3 2026 · As of September 30, 2026
Structured for Today
Headline defaults held, but higher rates and weaker loan marks sharpened the test for middle-market borrowers. Our Q3 review covers credit quality, pricing and structuring.
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