(Feb 27) : Software default rates are at risk of soaring into double digits as disruption from artificial intelligence spreads and loans come due, according to Bain Capital. “We’re going to see real stress in the market,” said Angelo Rufino, head of special situations in North America and corporate special situations in Europe. Software default rates could jump to “high-single digits, low-double digits,” according to Rufino. Rufino’s comments echo those of Marathon Asset Management LP Chairman Bruce Richards, who said earlier Thursday that private credit software defaults could hit 15%. The investment firm didn’t give an overall figure on software debt holdings but said that the special situations group has less than 5% exposure.

Source: The Edge Markets February 26, 2026 22:32 UTC