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

Ares Capital Corp. Outlook Revised To Positive On Strong Investment Performance, Funding, And Financial Flexibility

Ares Capital Corp. Outlook Revised To Positive On Strong Investment Performance, Funding, And Financial Flexibility - S&P Global Ratings’ Credit Research
Ares Capital Corp. Outlook Revised To Positive On Strong Investment Performance, Funding, And Financial Flexibility
Published Jul 24, 2019
3 pages (1764 words) — Published Jul 24, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Ares Capital Corp. (ARCC) has sustained strong operating results and further strengthened its funding profile and financial flexibility over the last 12 months. We are revising our outlook on ARCC to positive from stable. At the same time we are affirming 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 1.5x debt to adjusted total equity, strong earnings, and sound investment portfolio performance. NEW YORK (S&P Global Ratings) July 24, 2019--S&P Global Ratings said today itrevised its outlook on Ares Capital Corp. (ARCC) to positive from stable. At the same time, we affirmed our 'BBB-' issuer credit and senior

  
Brief Excerpt:

...July 24, 2019 - Ares Capital Corp. (ARCC) has sustained strong operating results and further strengthened its funding profile and financial flexibility over the last 12 months. - We are revising our outlook on ARCC to positive from stable. - At the same time we are affirming 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 1.5x debt to adjusted total equity, strong earnings, and sound investment portfolio performance. NEW YORK (S&P Global Ratings) July 24, 2019--S&P Global Ratings said today itrevised its outlook on Ares Capital Corp. (ARCC) to positive from stable. At the same time, we affirmed our '###-' issuer credit and senior secured and senior unsecured issue ratings on ARCC. The outlook revision reflects ARCC's sustained strong operating results and further strengthening of its funding profile and financial flexibility over the last 12 months. ARCC's...

  
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:
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MLA:
S&P Global Ratings’ Credit Research. "Ares Capital Corp. Outlook Revised To Positive On Strong Investment Performance, Funding, And Financial Flexibility" Jul 24, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Ares-Capital-Corp-Outlook-Revised-To-Positive-On-Strong-Investment-Performance-Funding-And-Financial-Flexibility-2270032>
  
APA:
S&P Global Ratings’ Credit Research. (). Ares Capital Corp. Outlook Revised To Positive On Strong Investment Performance, Funding, And Financial Flexibility Jul 24, 2019. 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-Investment-Performance-Funding-And-Financial-Flexibility-2270032>
  
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