KBRA Affirms Ratings for FS KKR Capital Corp.
KBRA affirms the BBB issuer and senior unsecured debt ratings for FS KKR Capital Corp. (NYSE: FSK or “the company”).
- KBRA affirms the BBB issuer and senior unsecured debt ratings for FS KKR Capital Corp. (NYSE: FSK or “the company”).
- The ratings and Stable Outlook are supported by FS KKR Capital Corp.'s ties to KKR & Co., which has $510 billion of AUM, including $197 billion dedicated to private credit lending, along with FSK's SEC exemptive relief to co-invest among affiliated companies of KKR credit.
- The portfolio company weighted average EBITDA was $114.4 million at 1Q23, a substantial increase from $76.2 million one year prior.
- The company is managed by FS/KKR Advisor, LLC, a partnership of FS Investments and KKR Credit that was formed in 2018.