Fitch shifts FS KKR view to stable

Fitch Ratings said it changed the outlook to stable from negative and affirmed FS KKR Capital Corp.'s (FSK) long-term issuer default, secured debt and unsecured debt ratings at BBB-.

“The outlook revision reflects FSK's improved asset coverage cushion given lower leverage; better asset quality metrics, as demonstrated by lower non-accruals and the generation of net realized gains in 2021; increased exposure to first lien investments; and improved operating performance, driven by a decline in non-yielding equity and non-accrual investments,” Fitch said in a press release.

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