After a record week for BDC Fixed Income price drops, a reversal. We bring readers up to date on the ever changing numbers. Plus, we look ahead to what might happen under different scenarios, including the previously unthinkable.
Fitch is beginning to reconsider the credit ratings of Business Development Companies, starting with BlackRock Capital. The BDC Reporter annotates the rating group’s comments and provides some sector-wide thoughts about what the future might hold.
The BDC Reporter reviews a strange week in the markets as investors switched from rampant optimism back to white knuckled fear. We also offer up our candid view of what might happen next, and our surprise as to how the markets have behaved to date.
After a day of red ink in the markets, the BDC Reporter thought to analyze how the sector fared – both in absolute terms and against the broader indices – and to review the impact on the 45 public entities we track.
The BDC Reporter re-publishes an article from Leveraged Commentary & Data about third quarter 2019 trends and uses the opportunity to discuss some of the fundamental changes going on before our eyes in how the sector does business.
BlackRock Capital’s stock price moves up on an analyst’s belief that a corner has been turned. We share the new outlook and review the credit downsides to allow readers to evaluate both opportunity and risk.
First week of BDC earnings season and the sector moved up in price, but so did the broader indices. We review our regular metrics and several BDC winners and losers from a price standpoint and identify who might move markets in the weeks ahead.
BlacRock Capital adopts the higher leverage allowed by the Small Business Credit Availability Act. We discuss the implications for the BDC of this long-delayed decision and for its shareholders.
This week, the U.S. and China talk trade truce and BDC stock prices jump. However, the BDC Reporter also looks at market prices since earlier in the year and comes to a different outcome. Plus, we review analyst expectations for third quarter results and what could go wrong.
When the broader markets catch a cold the BDC sector sneezes, as this week proves again. Otherwise very little news but plenty to discuss where BDC portfolio companies credit troubles are concerned.
A publicly traded BDC portfolio company is dropping in price and impacting the fair market value of three listed-BDCs for a second quarter in a row.
A BDC winning streak comes to an end this week, but the market remains buoyant nine months into the year. Little in the way of major developments to report, but credit continues to be a source of concern “maybe not today, maybe not tomorrow, but soon”.
After a major dividend cut and a stock price in the basement, an insider at BlackRock Capital buys a large block of stock.
Second quarter 2019 BDC quarterly results summarized for BlackRockCapital, which were poor. Another in a new series that will eventually cover every BDC we track.
Nine BDCs have reported earnings through the close on August 2, 2018. We’ve got the highlights, the lowlights and an early idea of where the BDC sector is headed.