-- 惠譽評級在近期發布的報告中指出，日本金融機構將繼續青睞海外高收益資產，包括美國私人信貸。 該評級機構表示，儘管日本國內資產收益率有所提高，但對海外高收益資產的偏好依然存在。 惠譽表示，近期私人信貸市場的壓力對日本主要金融機構的影響有限，但風險可能透過金融集團內部的間接管道顯現。 監管機構已對私人信貸敞口進行了審查，但並未將其認定為國內金融風險，這與惠譽對該類資產在日本規模有限的看法相符。 惠譽指出，如果從其龐大的整體投資組合來看，日本的大型銀行和人壽保險公司直接持有的私人信貸風險也相對較小。 該評級機構表示，風險將來自基金融資、倉儲貸款、槓桿融資和擔保貸款憑證等間接管道。 惠譽表示，鑑於管理私人信貸風險的難度，金融機構將依靠長期存在的風險管理框架、監控和壓力測試等措施來控制這些風險。
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