Ares' Deveer Isn't Seeing Dimon's 'Cracks' in Credit Yet

The video discusses the current state of private capital credit markets, noting that while defaults are expected to rise due to increased rates and a tougher debt service environment, the current default rate is still below historical averages. The speaker aligns with Jamie Dimon's prediction of potential difficulties in the next 6 to 9 months but does not foresee an extraordinary default cycle. The discussion includes a comparison of current default rates with historical data, suggesting a trend towards historical averages without exceeding them significantly.

How does the current default rate on corporate credit compare to historical averages?

What trend does the speaker anticipate for the default rate as we move into next year?