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The Relentless Rise of PIK Hints at Trouble to Come for Private Markets

(Bloomberg) -- A three letter acronym is increasingly cropping up in corporate filings and it’s fueling concern among ratings companies and fund managers.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitMentions of PIK in company filings,