NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (the “Company”) (NYSE:GSBD) announced today that Standard & Poor’s (“S&P”) has assigned the Company an investment grade rating of BBB-; the rating outlook is stable.
“We are pleased to receive an investment grade rating from S&P. The positive rating reflects the quality of our investment portfolio and the strength of the GSAM platform,” said Brendan McGovern, CEO of GSBD. “The investment grade rating provides the Company with greater flexibility to optimize its capital structure over time for the benefit of shareholders.”
ABOUT GOLDMAN SACHS BDC, INC.
Goldman Sachs BDC, Inc. is an externally managed specialty finance company that has elected to be regulated as a business development company under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. The Company was formed by The Goldman Sachs Group, Inc. (“Goldman Sachs”) to invest primarily in middle-market companies in the United States. The Company is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. For more information, visit www.goldmansachsbdc.com.
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