# #79 When private credit flips the script

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Text version: https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967/79-when-private-credit-flips-the-script.md
Podcast: [The Investment Perspective, with Ninety One](https://stenobird.com/podcast/the-investment-perspective-with-ninety-one-7065967)
Published: 2026-04-20T08:32:42+00:00
Episode link: https://shows.acast.com/the-investment-perspective-with-ninety-one/episodes/79
Audio file: https://sphinx.acast.com/p/open/s/6704f63a835696b02f258dd3/e/69e5ccf807ecece42aef8b15/media.mp3
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Duration seconds: 1131

## Resource

For years, developed markets were seen as the safer home for private credit, while emerging markets carried the higher-risk label. But that gap may be narrowing, and in some cases even reversing. Alper Kilic explores why strains are surfacing in US private credit, how weaker underwriting standards have contributed to the shift, and why emerging market private credit may offer a more resilient opportunity set built on secured lending, stable underwriting standards and real-economy demand. Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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