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Prospect News home > News index > List of issuers B > Headlines for BlackRock Kelso Capital Corp. > News item |
Fitch to rate BlackRock Kelso convertibles BBB-
Fitch Ratings said it assigned a BBB- long-term issuer default rating and secured debt rating for BlackRock Kelso Capital Corp.
The outlook is stable.
Fitch said it also expects to assign an unsecured debt rating of BBB- to the company's planned unsecured convertible note issuance.
The equalization of the ratings with the secured debt reflects the company's relatively low leverage, its focus on secured debt investments and Fitch's expectation that proceeds from the issuance will be used to repay a portion of secured debt outstanding, the agency said.
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