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   <title>Ares Capital (ARCC) PT Lowered to $19 at UBS</title>
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   <description>UBS lowered its price target on Ares Capital (NASDAQ: ARCC) to $19.00  (from $21.00) while maintaining a Neutral rating.</description>
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   <title>Form  DEFA14A    ARES CAPITAL CORP                    </title>
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   <description>&lt;p&gt;Investing.com -- UBS analyst Matthew Mish stated in a note on Wednesday that investors are increasingly focused on the possibility of a “rapid, severe AI disruption,” outlining how such a tail event could ripple across private credit and broader leveraged finance markets. &lt;/p&gt;&lt;p&gt;While the bank stressed this is “not our baseline,” it said its updated analysis provides a clearer catalyst and new default and spread forecasts.&lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;UBS explained that in a tail scenario, U.S. high-yield, leveraged loan and private credit defaults “could rise to 3–6%, 8–10% and 14–15%, respectively.” &lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;Across these markets, “defaults and losses would approach $420bn and</description>
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   <description>&lt;p&gt;Investing.com -- UBS analyst Matthew Mish stated in a note on Wednesday that investors are increasingly focused on the possibility of a “rapid, severe AI disruption,” outlining how such a tail event could ripple across private credit and broader leveraged finance markets. &lt;/p&gt;&lt;p&gt;While the bank stressed this is “not our baseline,” it said its updated analysis provides a clearer catalyst and new default and spread forecasts.&lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;UBS explained that in a tail scenario, U.S. high-yield, leveraged loan and private credit defaults “could rise to 3–6%, 8–10% and 14–15%, respectively.” &lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;Across these markets, “defaults and losses would approach $420bn and</description>
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   <title>AI disruption and private credit: what is the risk scenario?</title>
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   <description>&lt;p&gt;Investing.com -- UBS analyst Matthew Mish stated in a note on Wednesday that investors are increasingly focused on the possibility of a “rapid, severe AI disruption,” outlining how such a tail event could ripple across private credit and broader leveraged finance markets. &lt;/p&gt;&lt;p&gt;While the bank stressed this is “not our baseline,” it said its updated analysis provides a clearer catalyst and new default and spread forecasts.&lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;UBS explained that in a tail scenario, U.S. high-yield, leveraged loan and private credit defaults “could rise to 3–6%, 8–10% and 14–15%, respectively.” &lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;Across these markets, “defaults and losses would approach $420bn and</description>
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   <description>&lt;p&gt;Investing.com -- UBS analyst Matthew Mish stated in a note on Wednesday that investors are increasingly focused on the possibility of a “rapid, severe AI disruption,” outlining how such a tail event could ripple across private credit and broader leveraged finance markets. &lt;/p&gt;&lt;p&gt;While the bank stressed this is “not our baseline,” it said its updated analysis provides a clearer catalyst and new default and spread forecasts.&lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;UBS explained that in a tail scenario, U.S. high-yield, leveraged loan and private credit defaults “could rise to 3–6%, 8–10% and 14–15%, respectively.” &lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;Across these markets, “defaults and losses would approach $420bn and</description>
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   <description>&lt;p&gt;Investing.com -- UBS analyst Matthew Mish stated in a note on Wednesday that investors are increasingly focused on the possibility of a “rapid, severe AI disruption,” outlining how such a tail event could ripple across private credit and broader leveraged finance markets. &lt;/p&gt;&lt;p&gt;While the bank stressed this is “not our baseline,” it said its updated analysis provides a clearer catalyst and new default and spread forecasts.&lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;UBS explained that in a tail scenario, U.S. high-yield, leveraged loan and private credit defaults “could rise to 3–6%, 8–10% and 14–15%, respectively.” &lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;Across these markets, “defaults and losses would approach $420bn and</description>
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   <description>&lt;p&gt;Investing.com -- UBS analyst Matthew Mish stated in a note on Wednesday that investors are increasingly focused on the possibility of a “rapid, severe AI disruption,” outlining how such a tail event could ripple across private credit and broader leveraged finance markets. &lt;/p&gt;&lt;p&gt;While the bank stressed this is “not our baseline,” it said its updated analysis provides a clearer catalyst and new default and spread forecasts.&lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;UBS explained that in a tail scenario, U.S. high-yield, leveraged loan and private credit defaults “could rise to 3–6%, 8–10% and 14–15%, respectively.” &lt;/p&gt;&lt;p dir=&quot;ltr&quot;&gt;Across these markets, “defaults and losses would approach $420bn and</description>
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