Moody’s assigns Goldman BDC Baa3

Moody’s Investors Service said it assigned a Baa3 issuer rating to Goldman Sachs BDC, Inc. a publicly traded business development company managed by Goldman Sachs Asset Management, LP, indirectly owned by The Goldman Sachs Group, Inc. Moody’s also assigned a Baa3 rating to the business development company’s $155 million senior unsecured convertible notes due 2022. The outlook is stable.

The Baa3 issuer and senior unsecured ratings reflect the business development company’s standalone assessment of Ba1 and one notch of affiliate support rating uplift based on Moody’s that the company’s ultimate parent would provide support, if necessary.

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