KBRA Views Passage of The Small Business Credit Availability Act as Generally Credit Negative for the Business Development Company Industry

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) views the passage of a lower asset coverage ratio by The Small Business Credit Availability Act (SBCAA )¹ on March 23, 2018 as generally negative. KBRA currently rates seven Business Development Companies (BDCs), both private and public, and will not make any immediate rating or outlook changes based on the passage of the SBCAA.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

¹ https://www.congress.gov/bill/115th-congress/house-bill/4267