GAIN - 10% Yielding New Mountain Finance Receives Fitch Rating
BDCs will begin reporting calendar Q1 2019 results later this month starting with Ares Capital (ARCC) and investors should be closely monitoring dividend coverage potential and portfolio credit quality. New Mountain Finance (NMFC) will report results on May 6, 2019, and I continue to be an investor for some of the reasons mentioned in this article.
Sources: SEC Filings and www.bdcbuzz.com.
Fitch Ratings Assigns First Time 'BBB-' Rating to NMFC:
On April 4, 2019, Fitch Ratings assigned a long-term Issuer Default Rating ("IDR") of 'BBB-' to NMFC. The Rating Outlook is Stable.