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Moody's to rate American Capital loan B2
Moody's Investors Service said it affirmed American Capital, Ltd.'s B2 corporate family rating and the B2 senior unsecured rating on the debt currently issued by the company, which is expected to be repaid on Aug. 1.
Moody's also said it expects to assign a B2 rating to American Capital's proposed $600 million new senior secured term loan facility.
The outlook remains stable.
Moody's said the ratings are supported by American Capital's expertise and scale in investing in private middle market companies.
Additionally, these ratings are supported by the company's diversified (both by geography and business sector) and granular investment portfolio, the agency said.
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