NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released a report highlighting the latest market trends for Business Development Companies (BDCs).
This is a follow-on report to KBRA’s previous “Latest Market Trends for Business Development Companies” and a series of press releases that discussed, at a high level, some of the key trends and challenges affecting the BDC sector. KBRA notes that business development companies are faced with a number of ongoing challenges including spread compressions, lower yielding new investments, a dearth of new deals and intense competitive pressures. Offsetting these concerns are a slight reduction in regulatory leverage and an increase in capital raises through the capital markets due to increased net asset values.
Please click here to access the report.
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About Kroll Bond Rating Agency
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).