Moody's assigns Golub Capital Baa3

Moody's Investors Service said it assigned a first-time Baa3 long-term issuer rating to Golub Capital BDC, Inc.

Golub's rating reflects its baa3 stand-alone assessment, which is supported by the credit expertise of Golub Capital LLC, Golub's manager, a focus on senior secured loans and a solid funding profile, the agency said.

“Golub's credit profile is bolstered by its lower leverage compared to many publicly rated BDC peers, with a target range of 0.85x-1.15x debt to equity,” Moody’s said in a press release.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.