Prospect Capital Receives BBB Investment Grade Corporate Rating From Egan-Jones Ratings Company, Representing Prospect's Thir...
June 18 2018 - 8:55AM
Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”, “our”, or
“we”) today announced it has been assigned an investment grade
credit rating of BBB from Egan-Jones Ratings Company
(“Egan-Jones”).
Egan-Jones is a Nationally Recognized
Statistical Ratings Organization (NRSRO) and is recognized by the
National Association of Insurance Commissioners (NAIC) as a Credit
Rating Provider (CRP). Egan-Jones is also certified by the European
Securities and Markets Authority (ESMA).
About Prospect Capital
CorporationProspect Capital Corporation
(www.prospectstreet.com) is a business development company that
focuses on lending to and investing in private businesses. Our
investment objective is to generate both current income and
long-term capital appreciation through debt and equity
investments.
We have elected to be treated as a business
development company under the Investment Company Act of 1940 (“1940
Act”). We are required to comply with a series of regulatory
requirements under the 1940 Act as well as applicable NASDAQ,
federal and state rules and regulations. We have elected to be
treated as a regulated investment company under the Internal
Revenue Code of 1986.
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, whose safe harbor for forward-looking
statements does not apply to business development companies. Any
such statements, other than statements of historical fact, are
highly likely to be affected by other unknowable future events and
conditions, including elements of the future that are or are not
under our control, and that we may or may not have considered;
accordingly, such statements cannot be guarantees or assurances of
any aspect of future performance. Actual developments and results
are highly likely to vary materially from any forward-looking
statements. Such statements speak only as of the time when made. We
undertake no obligation to update any such statement now or in the
future.
For additional information, contact:
Grier Eliasek, President and Chief Operating
Officergrier@prospectstreet.com Telephone (212) 448-0702
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