Fitch: LIBOR’s Rise Signals BDC Earnings Boost

NEW YORK–(BUSINESS WIRE)–Link to Fitch Ratings’ Report: 2017 Outlook: Business Development Companies (Negative Sector Outlook Maintained on Continued Performance Pressures) https://www.fitchratings.com/site/re/888951 Rising short-term rates will likely provide an earnings boost to business development companies (BDCs) in the near term as LIBOR rates approach loan-specific floors, says Fitch Ratings. BDCs are generally interest rate sensitive asmost investment portfolio assets earn floating ra