From Breakingviews - Breakingviews - COMMENTARY: Private credit hit is drama waiting for crisis ↧ ↧ Breakingviews - COMMENTARY: Private credit hit is drama waiting for... Some 40 ‌non-bank lenders including PAG are owed $2 bln after Australian property developer Bathla's collapse. It's a ​case of poor risk management ​in an industry prone to boom-and-bust. As ⁠a one-off, the impact should be ​limited. The worry is that such ​lax standards run deeper.