- Published: May 2012
- Region: Australia
Research Update: Apollo Investment Corp. Outlook Revised To Stable On Planned Changes To Management And Strategy; 'BBB' Ratings Affirmed Feb 12
- Published: February 2012
- Standard & Poors
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. On Feb. 9, 2012, Standard & Poor's Ratings Services 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 management's announcement that Apollo Investment Corp....
Companies mentioned in this report are: Apollo Investment Corp.
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Apollo Investment Corp.