NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned a long-term Issuer Default Rating (IDR) and secured debt rating of 'BBB-' to FS Investment Corp's (FSIC). The Rating Outlook is Stable. KEY RATING DRIVERS The ratings reflect the strength of FSIC's relationships with Franklin Square Capital Partners and GSO Capital Partners (a subsidiary of The Blackstone Group; long-term IDR 'A+'), low leverage, relatively low portfolio concentrations, strong asset quality, limited exposure to equity investments, consistent operating performance, investment portfolio liquidity, improved access to equity markets as a result of the recent public offering and strong dividend coverage. Rating constraints...
↧