DBRS alters Antares trend to stable

DBRS said it revised the trend to stable from negative and confirmed the ratings of Antares Holdings LP), including the company’s long-term senior debt at BBB (high).

“The stable trend reflects our expectation that Antares will continue to prudently expand its direct lending portfolio and its fee-based businesses while maintaining sound balance sheet fundamentals and asset quality. The stable trend also contemplates the moderate scenario of DBRS Morningstar’s global macroeconomic scenarios published March 17, 2021, which points to strong U.S. economic growth for 2021, buffered by government stimulus and central bank actions that should support healthy middle market activity,” the agency said in a press release.

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