Ares Capital Corp. Outlook Revised To Positive On Strong Funding Profile And Steady Investment Performance - S&P Global Ratings’ Credit Research

Ares Capital Corp. Outlook Revised To Positive On Strong Funding Profile And Steady Investment Performance

Ares Capital Corp. Outlook Revised To Positive On Strong Funding Profile And Steady Investment Performance - S&P Global Ratings’ Credit Research
Ares Capital Corp. Outlook Revised To Positive On Strong Funding Profile And Steady Investment Performance
Published Feb 13, 2024
4 pages (2326 words) — Published Feb 13, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Ares Capital Corp. (ARCC) has a long operating history with stable operating results through different credit cycles and operates with a strong funding profile and financial flexibility. We revised our outlook on ARCC to positive from stable. At the same time, we affirmed our 'BBB-' issuer credit and debt ratings on ARCC. The positive outlook reflects the possibility we could raise the ratings over the next 12-18 months if ARCC maintains leverage below 1.3x and sound investment portfolio performance with an unchanged funding profile. NEW YORK (S&P Global Ratings) Feb. 13, 2024--S&P Global Ratings said today it revised its outlook on Ares Capital Corp. (ARCC) to positive from stable. At the same time, we affirmed our 'BBB-' issuer credit and

  
Brief Excerpt:

...February 13, 2024 - Ares Capital Corp. (ARCC) has a long operating history with stable operating results through different credit cycles and operates with a strong funding profile and financial flexibility. - We revised our outlook on ARCC to positive from stable. - At the same time, we affirmed our '###-' issuer credit and debt ratings on ARCC. - The positive outlook reflects the possibility we could raise the ratings over the next 12-18 months if ARCC maintains leverage below 1.3x and sound investment portfolio performance with an unchanged funding profile. NEW YORK (S&P Global Ratings) Feb. 13, 2024--S&P Global Ratings said today it revised its outlook on Ares Capital Corp. (ARCC) to positive from stable. At the same time, we affirmed our '###-' issuer credit and debt ratings on ARCC. The outlook revision reflects ARCC's strength of market position and its long operating history with consistent investment portfolio performance. In our opinion, ARCC has one of the best market positions...

  
Report Type:

Ratings Action

Ticker
ARCC
Issuer
Ares Capital Corp.
GICS
Asset Management & Custody Banks (40203010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ares Capital Corp. Outlook Revised To Positive On Strong Funding Profile And Steady Investment Performance" Feb 13, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Ares-Capital-Corp-Outlook-Revised-To-Positive-On-Strong-Funding-Profile-And-Steady-Investment-Performance-3124768>
  
APA:
S&P Global Ratings’ Credit Research. (). Ares Capital Corp. Outlook Revised To Positive On Strong Funding Profile And Steady Investment Performance Feb 13, 2024. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Ares-Capital-Corp-Outlook-Revised-To-Positive-On-Strong-Funding-Profile-And-Steady-Investment-Performance-3124768>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.