trending Market Intelligence /marketintelligence/en/news-insights/trending/VkdFZS_L2yfDrjbKEWPmaw2 content esgSubNav
In This List

Capital Southwest cuts minimum asset coverage ratio

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


Capital Southwest cuts minimum asset coverage ratio

Capital Southwest Corp. decreased its minimum asset coverage ratio to 150% from 200%, effective April 25.

A spending bill that President Donald Trump signed in March 2018 included a provision that allowed business development companies to take on higher debt leverage in the course of their activities.

The BDC's board also approved a resolution to limit Capital Southwest's issuance of senior securities, in that the asset coverage ratio should not be below 166% at any time after the effective date of issuance of these securities.