- AI cycle implications are driving private credit defaults, impacting the software sector and major financial institutions like Bank of America.
- Fitch reports that default rates in the private credit market have reached all-time highs since tracking began.
- Fitch reports on market consolidation trends.
BlackRock invests through LendingClub's marketplace programs, and Fitch provides credit ratings for the LENDR program.
2 reports, 2 independent
Updated Aug 5
Gone quiet
Reached 2 outlets in its first 24 hours
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- Repetition
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
BlackRock invests through LendingClub's marketplace programs, and Fitch provides credit ratings for the LENDR program.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Fitch rates LENDR program where BlackRock invests via LendingClub.1 source
LendingClub completed its first transaction with BlackRock and extended an agreement with Blue Owl Capital.1 source
Keep exploring
The entities involved
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BlackRock
American multinational investment management corporation
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Fitch
Japanese pornography producer
Related events
- SoftBank raised funds for OpenAI investment, and Fitch subsequently rated SoftBank's increased leverage.
- BlackRock, WisdomTree, and MoonPay are partnering to embed funds into a consumer application.
- Fitch granted Tesla its first-ever BBB credit rating on September 22, 2026.
- The Fed held its Jackson Hole Symposium while Fitch released credit ratings, including assessments on France.
- S&P Global rated the financial standing of the city of Montgomery, while Fitch also assigned the city an 'AA' rating.
Coverage
Newest first; wire copies grouped- PR NewswireLendingClub and BlackRock Partner on Loan Transactions Up to $1 Billion SAN FRANCISCO, Aug. 5, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC) today announced the signing of a memorandum of u
- GuruFocus.comLendingClub Corp (LC) Q2 2025 Earnings Call Highlights: Robust Revenue Growth and Strategic ... Revenue: $248 million, up 33% year-over-year. Net Income: $38 million, up 156% compared to the same qua