KBRA Assigns Ratings to FS KKR Capital Corp.'s $600 Million Senior Unsecured Notes Due 2029
KBRA assigns a rating of BBB to FS KKR Capital Corp.'s (“FSK” or “the company”) $600 million, 6.875% senior unsecured notes due August 15, 2029.
- KBRA assigns a rating of BBB to FS KKR Capital Corp.'s (“FSK” or “the company”) $600 million, 6.875% senior unsecured notes due August 15, 2029.
- The top four portfolio sectors are Software & Services (18%), Capital Goods (15%), Commercial & Professional Service (15%), and Health Care Equipment & Services (13%).
- Also supporting the ratings is the company's solid access to the capital markets with a diversified funding mix of secured bank facilities, unsecured senior debt, and CLOs, enhanced by its affiliation with the larger KKR Credit platform.
- The company is managed by FS/KKR Advisor, LLC, a partnership of FS Investments and KKR Credit that was formed in 2018.