S&P: American Capital on positive watch

Standard & Poor's said it placed its B+ counterparty credit and senior secured ratings on American Capital Ltd. on CreditWatch with positive implications.

"The CreditWatch positive listing reflects the firm's improved financial profile and our view that the firm will further improve its business profile as a hybrid with both on-balance-sheet investments and fee income from managing third-party funds," S&P credit analyst Sebnem Caglayan said in a news release.

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