Fitch Ratings has lowered its credit rating on FS KKR Capital, the private credit vehicle managed by FS Investments and KKR, moving it into non-investment grade territory as concerns mount over portfolio performance, according to a report by Reuters.
The agency cut the rating to BB+ from BBB-, pointing to ongoing deterioration in asset quality, elevated levels of non-performing investments, and further realised losses. The outlook remains negative, signalling the potential for additional pressur...
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