Apollo Investment Outlook Revised To Positive, Ratings Affirmed At 'BBB', After Strong Management During Downturn Jun 11
- ID: 1822067
- June 2011
- Standard & Poors
AC maintained strong capital and liquidity through the severe downturn and has resolved most of the asset quality issues in its portfolio. We are revising our outlook on AIC to positive from stable and affirming our 'BBB' counterparty credit rating on the company. We could upgrade AIC if asset quality and realized earnings remain stable as the firm resumes growth. NEW YORK (Standard & Poor's) June 13, 2011--Standard & Poor's Ratings Services said today that it revised its outlook on Apollo Investment Corp. (AIC; NASDAQ: AINV) to positive from stable. At the same time, we affirmed our ratings, including the 'BBB' counterparty credit rating, on the company. "Our outlook revision on AIC reflects the firm's improved balance sheet, and its...
Companies mentioned in this report are: Apollo Investment Corp.
Action: Outlook: Positive
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Research type: News
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