Current Credit Market Trends in Q1 2026

Every season, we spend one episode breaking down current credit market trends. In this season’s episode, we discuss the macro backdrop for credit, private and public credit’s exposure to software amidst concerns of AI disruption, and the types of businesses we believe are the most resilient in challenging environments. Our discussion, hosted by Colbert Cannon, features Vikas Keswani, Head of Direct Lending at HPS, and Scott Crocombe, a Managing Director from the HPS Liquid Credit team, as well as Dominique Bly, Macro Credit Research Strategist with BlackRock’s Private Financing Solutions platform.