Kroll Bond Rating Agency Assigns BBB+ Rating to Prospect Capital Corporation

Before you go, we thought you'd like these...
Before you go close icon

Kroll Bond Rating Agency Assigns BBB+ Rating to Prospect Capital Corporation

NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) announces the assignment of a BBB+ rating with a stable outlook to Prospect Capital Corporation, a Business Development Corporation (BDC) based in New York, NY. Prospect Capital Corporation makes loans and equity investments in middle-market companies for re-financings, leveraged buyouts and capital expenditures.

The BBB+ rating of Prospect Capital Corporation is supported by their majority senior secured position within their investment portfolio, strong leverage metrics that are well within the BDC limits, excellent asset quality performance to date and the quality of their credit originations and monitoring. Prospect Capital's strong and stable management team and proven expertise in middle market lending is also a positive.

The rating was assigned using KBRA's Finance Company Rating Methodology, published April 1, 2013. For more information, please visit

About Kroll Bond Rating Agency

KBRA was established in 2010 by Jules Kroll to restore trust in credit ratings by creating new standards for assessing risk and by offering accurate, clear and transparent ratings. KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Kroll Bond Rating Agency
Marjan Riggi, 646-731-2354
Gregory Root, 646-731-2381

KEYWORDS:   United States  North America  New York


The article Kroll Bond Rating Agency Assigns BBB+ Rating to Prospect Capital Corporation originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading