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Stock impact report

KBRA Releases Rating Report for Apollo Investment Corporation

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- On July 11, 2018, Kroll Bond Rating Agency (KBRA) assigned BBB- issuer and senior unsecured debt ratings with a Stable Outlook to Apollo Investment Corporation (“AINV” or “the Company”), a business development company (BDC) that focuses on providing senior debt to U.S. middle market companies. Management of the Company’s business and execution of operations is performed by an affiliate of Apollo Global Management, LLC (NYSE: APO), a global alternative asset management firm with $247 billion in assets under management. The BBB- ratings reflect Apollo’s well-established franchise in middle market lending space, robust origination platform, experienced management team, staggered debt maturity schedule, prudent leverage, improving asset quality, and sound funding flexibility. The ratings also reflect AINV’s transition to a higher leverage range of 1.25x-1.40x from 0.65x-0.70x; whi Show less Read more
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