Moody's gives B2 to NXT loan

Moody's Investors Service said it assigned a corporate family rating of B2 to NXT Capital, Inc. and a B2 rating to its proposed $150 million senior secured term loan.

The outlook is stable.

Moody's said NXT's B2 corporate family rating reflects its modest but growing presence in U.S. middle-market lending, experienced management and currently strong capital position and diversified funding sources.

Credit concerns include NXT's limited operating history, and the agency's expectation that the firm's rapid growth over the past three years will continue over the intermediate term.

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