Experts from KBRA and KRBA DLD discussed: Private corporate credit outlook for 2025; competitive deal terms for nonbanks beyond pricing; middle market loan performance; the resilience of private credit feeder notes and leverage facilities; the resilience of BDC ratings and prospects for 2025; new pathways for rated product exposure to direct lending strategies and new private credit strategies.  Presented by William Cox, Senior Managing Director, Global Head of Corporate, Financial and Government, Ratings, KBRA, Kelly Thompson, Founder & Editor, KBRA DLD and Andrew Berlin, Vice President, Director of Policy Research, LSTA, Inc. – Moderator.