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 www.kbra.com.
About Kroll Bond Rating AgencyKBRA 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).
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV