Co-produced with PendragonY
Given recent market action and the on-going issues with the coronavirus and its spread, many are concerned about how BDCs will perform during today's extraordinary times. BDCs invest in middle-market companies, not the tiniest but far from the largest. Many of these can be very vulnerable to economic disruptions and a slowing economy.
In the near term, BDCs will see some decline in their NAV as assets will have to be written down to reflect current risks. We also should assume there will be some disruption to their cash flow. The keys