Prospect Capital's credit ratings reaffirmed as investment grade by Egan-Jones Ratings Company.

From GlobeNewswire: 2025-04-03 07:01:00

Prospect Capital Corporation announced that Egan-Jones Ratings Company reaffirmed its investment grade credit ratings at BBB for issuer and institutional notes, and BBB- for preferred stock. President Grier Eliasek expressed satisfaction with the ratings, attributing them to Prospect’s strong franchise, performance, and low leverage. The company is focusing on first lien senior secured lending, with over 95% of originations in the first two quarters of fiscal 2025 being first lien senior secured loans. Prospect is a business development company that aims to generate income and capital appreciation through debt and equity investments.



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