An article posted on said that private companies in the U.S. may be in a good position to borrow because they are less likely to default, on average, than they were last year, making them more creditworthy, according to data from financial-information company Sageworks.

The article added that the average probability of default among thousands of privately held companies that Sageworks tracks fell from 5.1% to 4.1% in the twelve months ending April 2013.

To read the full CFO article click here.

To read the Sageworks report click here.