S&P rates Prospect Capital BBB

Standard & Poor's said it affirmed the BBB long-term counterparty credit rating on Prospect Capital Corp.

The outlook is stable.

"Our rating on PSEC is based on the company's sound financial performance, demonstrated ability to raise equity capital and low leverage," S&P analyst Chris Cary said in a statement.

The rating also takes into account the company's conservative business strategy of investing primarily in senior or secured loans in the capital structure, the founding principals' investment expertise and side-by-side investment, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.