Anant Kumar

“For a leveraged borrower that's a double hit, with input costs and wages squeezing the EBITDA on one side while the floating-rate coupon rises on the other,”

Anant Kumar · said 2026-09-10 · reported 2026-09-11

Kumar said leveraged borrowers face a double hit from input costs and rising floating-rate coupons.

“There's a short-term boost to portfolio yield from any hikes, but you could give that up partially in the form of higher credit losses, if some of the more marginal borrowers can't make their interest payments in the higher rate environment,”

Anant Kumar · said date not stated · reported 2026-09-11

Kumar said a Fed hike would boost portfolio yield short-term but could lead to higher credit losses.

“The other piece people are missing is why the Fed is contemplating a hike in the first place — this isn't a growth-driven tightening; it's a response to 3.4% [CPI] inflation with an energy shock behind it,”

Anant Kumar · said 2026-09-10 · reported 2026-09-11

Kumar told CNBC via email that energy-driven inflation is a bigger risk to private credit borrowers than interest rate rises alone.

“Inflation, not rates per se, is the biggest risk to private credit, and a hike for these reasons is exactly that risk showing up.”

Anant Kumar · said 2026-09-10 · reported 2026-09-11

Kumar said inflation, not rates per se, is the biggest risk to private credit.