MSCI | Moody’s Private Credit Risk Assessment
Independent, standardized credit risk insights for private credit.

Primary outcomes
  • Assess borrower and facility risk consistently
  • Benchmark exposures across funds and managers
  • Integrate private credit into portfolio analysis

Apply a consistent credit risk framework

Benchmark credit risk

Compare borrower, facility and fund-level credit risk using a standardized framework that aims to strengthen consistency across managers.

Strengthen due diligence

Strengthen due diligence and manager oversight through independent Probability of Default, Loss Given Default and implied ratings.

Integrate portfolio risk

Bring private credit exposures into a broader portfolio view to compare private and public risk within one framework.

Why MSCI | Moody’s Private Credit Risk Assessment

Combines Moody’s credit models with MSCI’s private credit data and workflows to provide consistent, independent risk insights.

Independent risk assessment

Access third-party, independently modeled credit risk metrics – not solely based on manager-reported data – to support the evaluation of private credit investments with greater confidence.

Standardized credit insights

Use consistent scoring, implied ratings and risk measures to benchmark exposures across portfolios, managers and strategies.

Integrated portfolio context

Analyze private credit risk within MSCI Private i® today, with planned integration into additional MSCI platforms over time.

Features and capabilities

A standardized credit risk framework combining Moody’s models with MSCI’s private company, loan and fund data.

Company-level probability of default

Probability of Default is calculated at the company level using Moody’s EDF-X credit risk model.

Facility-level loss given default

Loss Given Default is estimated using MSCI loan terms and conditions at the facility level.

Implied ratings

Implied ratings are mapped to Moody’s rating scale using historical default rates to support more intuitive credit interpretation of credit risk.

One workflow

Seamless integration with private i® and Total Plan Manager.

See private credit risk in context

Explore how standardized borrower and facility risk metrics can help support private credit diligence, monitoring and reporting.

Borrower risk view

Review company-level Probability of Default and implied ratings across private borrowers.

Facility analytics

Analyze facility-level Loss Given Default alongside loan terms and underlying exposure data.

Frequently asked questions

Provides borrower-level Probability of Default, facility-level Loss Given Default and implied ratings for private credit investments. These analytics are independently modeled using Moody’s credit risk framework and MSCI’s private markets data.

Research and resources

Private Credit at a Turning Point webinar

Hear experts discuss trends shaping private credit and how investors can bring greater structure to the asset class.

Private Capital Benchmarks Report

Gain insight into private credit performance trends across vintages, strategies and regions.

Bring greater transparency to private credit risk?

Related to Private Credit Risk Assessment 

Private Credit Solutions

Bring transparency to private credit. Standardized data, credit risk analytics, benchmarks and portfolio tools to support investors as they assess performance, manage risk and integrate private credit within the total portfolio.