Private Credit Risks to Be Assessed by US Government Watchdog

The US Government Accountability Office is assessing the risks posed by private credit, in a sign that Washington is further scrutinizing the impact of the $1.7 trillion industry on the broader economy.

The agency’s examination, prompted by a request from US Senators Elizabeth Warren and Jack Reed to the Comptroller General, should result in a draft report this spring, according to a document seen by Bloomberg News.