JPMorgan marking down loan portfolios of private credit groups

JPMorgan is marking down the loan portfolios of private credit groups, which will limit credit to firms that lend to higher-risk companies, potentially reducing their lending capacity. This devaluation of collateral may lead to a decrease in available credit for riskier borrowers. The move is likely to have a ripple effect on the overall credit market, making it more challenging for higher-risk companies to access capital.