trending Market Intelligence /marketintelligence/en/news-insights/trending/s-HBfmX0swa91X84OE6Fdw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Kroll affirms Prospect Capital ratings, outlook

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Kroll affirms Prospect Capital ratings, outlook

Kroll Bond Rating Agency affirmed Prospect Capital Corp.'s BBB issuer and senior unsecured debt ratings and negative outlook.

Kroll said the ratings reflect Prospect Capital's diversified $5.45 billion investment portfolio, which is about 66% senior secured first- and second-lien loans to 125 middle-market companies; leverage at 0.68x with no plans to raise that above 1-to-1; and operating history of more than 15 years. The alignment of the senior unsecured rating with the issuer rating reflects a "good level of unencumbered assets," the rating agency said.

Prospect Capital holds 34% of its investments outside of senior secured first- and second-lien debt, a "significant" share compared with peers, according to Kroll, which offsets the positive rating factors. Other concerns offsetting the positives include the company's high and increasing nonaccruals as a percent of debt investments and the relative illiquidity of the investments.