KBRA Assigns Ratings to Monroe Capital Income Plus Corporation
KBRA assigns issuer and senior unsecured debt ratings of BBB- to Monroe Capital Income Plus Corporation ("MCIP" or "the company").
- KBRA assigns issuer and senior unsecured debt ratings of BBB- to Monroe Capital Income Plus Corporation ("MCIP" or "the company").
- MCIP specializes in lower middle market lending (66% of the investment portfolio), or loans considered traditional financing, with average EBITDA of $30 million.
- The company is managed by Monroe Capital BDC Advisors, LLC, an affiliate of Monroe Capital LLC, which had $17.2 billion of assets under management, as of June 30, 2023.
- Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .