GSBD - FS KKR Capital: 16% Discount To BV 14% Yield But There Are Risks
2024-06-12 23:42:06 ET
Summary
- FS KKR Capital Corp. reported a higher non-accrual ratio in December, leading to a stock classification change.
- Despite credit quality improvement, FS KKR Capital's dividend safety margin remains narrow.
- Stock selling at 16% discount to net asset value, but non-accrual ratio and credit issues may prevent re-rating.
FS KKR Capital Corp. ( FSK ) reported a higher-than-anticipated increase in the non-accrual ratio in the December quarter, leading me to modify my stock classification from Buy to Hold ....
FS KKR Capital: 16% Discount To BV, 14% Yield, But There Are Risks