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Fitch Ratings

In PWD coverage since August 21, 2026 · 16+ stories

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T. Rowe Price's Wyatt Lee says private credit is becoming a big piece of annuity holdings

He spoke on a Goldman Sachs Asset Management panel discussing a 2026 retirement survey in which 83% of respondents said they want guaranteed income, as Fitch put the trailing default rate on U.S. private credit borrowers at a record 6.3%.

Allocators · Sep 30T. Rowe's Wyatt Lee says private credit is becoming a big piece of annuities

Features · Sep 30BNY Pershing retires Wove, folds it into wealth unit as Fitch lists cash-rate winners

RIA · Sep 30Fitch says higher rates stand to lift wealth manager cash earnings

ils · Sep 25Fitch's 86 per cent on terms outranks its 60 on price

debt · Sep 24Mall special servicing and a $960M print set the real price

debt · Sep 21BREIT takes $105 million out of a fully leased industrial book

ils · Sep 11Bermuda's life reinsurance lead is a capital-rules story

the_wrap · Sep 10The calm that builds the next wave

ils · Sep 9Fitch: 2027 reinsurance softening moves past price into terms

the_wrap · Sep 4A $1.3 trillion surplus becomes the underwriting problem

ils · Sep 4Fitch extends deteriorating reinsurance outlook into 2027

the_wrap · Aug 27Reinsurers fight the soft market on terms, not price

debt · Aug 27CRE CLOs beat CMBS by extending their maturities

ils · Aug 24Asia-Pacific reinsurers buck the soft market's revenue slide

the_wrap · Aug 21Three local disasters split the soft reinsurance market

Fitch Ratings

T. Rowe Price's Wyatt Lee says private credit is becoming a big piece of annuity holdings

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