NEW YORK (Standard&Poor's) July 15, 2013--Standard&Poor's Ratings Services today said it assigned its 'BBB' rating on Ares Capital Corp.'s proposed $250 million senior unsecured convertible notes due in January 2019. The long-term issuer credit rating on Ares is 'BBB', and the outlook is stable. The company expects to use the net proceeds to repay or repurchase certain outstanding indebtedness, which may include repaying outstanding borrowings under its revolving credit facilities and for other general corporate purposes, which include making new investments. Following this transaction, we expect total debt to remain at $2.6 billion on a pro forma basis. Ares Capital's debt-to-adjusted equity ratio was 0.83x as of March 31, 2013, compared with an unadjusted debt-to-equity ratio
