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Apollo Investment Corp. Outlook Revised To Stable On Planned Changes To Management And Strategy; 'BBB' Ratings Affirmed Feb 12
Standard & Poors, Feb 2012
Abstract
Apollo Investment Corp. (AIC) has announced changes in management, a reduction in its dividend, and adjustments to its investment strategy. In our view, changes to the firm's investment strategy could reduce its asset quality. We are revising our outlook on AIC to stable from positive and affirming our 'BBB' counterparty credit rating on the company. The stable outlook reflects its improved balance sheet and good track record through the credit crisis. NEW YORK (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services today said it revised its outlook on Apollo Investment Corp. (NASDAQ: AINV) to stable from positive. At the same time, we affirmed our 'BBB' counterparty credit and senior debt ratings on the company. 'Our outlook revision follows...
Companies mentioned in this report are: Apollo Investment Corp.
Action: Affirmed
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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