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Leading credit CEOs discussed AI's potential impact on software-heavy private credit and leveraged loan markets, seeing it as driving greater dispersion rather than broad disruption. They agreed current stresses pose no systemic risk, with differing outlooks on software defaults.
Office of the Chief Software Officer, U.S Air Force / Wikimedia (Public domain)Average prices for loans to US software companies have fallen to approximately 88 cents, marking a near two-year low. This represents a 6-cent decline since the start of 2026, equivalent to a 7% drop. The software sector is the most affected in the US leveraged loan market, accor…