Home Credit Ratings and Research S&P Global Ratings’ Credit Research Main Street Capital Corp.

Summary: Main Street Capital Corp.

Published Jul 21, 2016

4 pages (1327 words) — Published Jul 21, 2016

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Experienced management team with proven investment process Strong earnings history and consistent coverage of interest and dividends with non-deal-dependent income Diverse portfolio as measured by number of borrowers and sectors Low cost structure that benefits creditors relative to peers The substantial proportion of the portfolio in illiquid investments that could constrain financial flexibility in severely adverse markets Prominence of key persons The rating outlook on Main Street Capital Corp. is stable. S&P Global Ratings expects the company to operate with total debt to adjusted total equity (ATE) of less than 1.5x and debt (excluding SBIC debt) to reported equity of 0.85x while continuing to grow its portfolio incrementally over the next 12 to 24 months. If Main Street's debt-to-ATE or

Brief Excerpt:

...Strong earnings history and consistent coverage of interest and dividends with non-deal-dependent income...

Report Type:

Summary

Issuer

Main Street Capital Corp.

GICS

Asset Management & Custody Banks (40203010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

Main Street Capital Corp. – 2017/06/27 – US$ 500.00

Summary: Main Street Capital Corp. – 2017/06/27 – US$ 225.00

Main Street Capital Corp. Senior Unsecured Notes Rated 'BBB' – 2017/11/16 – US$ 150.00

Research Update: Main Street Capital Corp. Outlook Revised To Stable From Negative On Plan To Maintain Higher Asset Coverage Requirement – 2018/05/04 – US$ 225.00

Main Street Capital Corp. – 2018/10/18 – US$ 500.00

Main Street Capital Corp. – 2016/07/21 – US$ 500.00

Main Street Capital Corp. – 2015/03/20 – US$ 500.00

Summary: Main Street Capital Corp. – 2015/03/20 – US$ 225.00

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. "Summary: Main Street Capital Corp." Jul 21, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Main-Street-Capital-Corp-1678790>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Main Street Capital Corp. Jul 21, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Main-Street-Capital-Corp-1678790>

US$ 225.00

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.