We share highlights from the BDC Credit Reporter’s compilation for the week of developments amongst under-performing portfolio companies, naming the BDCs and the amounts involved.
S&P speaks up about the new BDC leverage rules, expressing concern. Will the credit raters keep BDCs from borrowing to the hilt. If not the rating groups, then who ? We discuss the options and look into a glass. Darkly.
Up, down and all around the BDC Sector moves in this past week. However, the Ides of March still point mostly to Down, as we illustrate.
Another quiet week of BDC Fixed Income prices. However, legislation percolating in Congress could change everything.
Why is a leading BDCl issuing new debt ? Which BDC is booking big fees now and later ? Who is a busy bee in venture lending and is that good ? Which BDC is about to gain a sibling and is that good or bad ? So much going in the BDC Sector…
As investors are otherwise engaged at year end, the most important BDC News is that common stock prices are behaving in unexpected ways. First signs of another sector step-down or a seasonal phenomenon ?