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0 0 0.000200736032117773 6.69120107060035E-05 0.000334560053529661 -0.00936768149882896 -0.0100368016058883 -0.00970224155235862
Stock impact report

TRINZ: To Refi Or Not To Refi (Rating Downgrade) [Seeking Alpha]

Trinity Capital Inc. (TRIN) 
Company Research Source: Seeking Alpha
TRINZ 7.875% Notes Due 2029 are likely to be called after March 2026, as TRIN shifts toward cheaper secured funding and refinancing options. Non-performing loans remain contained, and portfolio credit quality is stable, supporting the company's disciplined growth strategy. We are downgrading TRINZ to 'Hold' as redemption is anticipated soon, limiting further upside for bondholders. Shakeel Sha/iStock via Getty Images Thesis We started covering the 7.875% Notes Due 2029 ( TRINZ ) from Trinity Capital ( TRIN ) last year, when we assigned the debentures a 'Buy' rating. A lot has happened in the BDC space since, and today This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of TRINZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company w Show less Read more
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