Hercules Capital Announced That Moody's Investors Service Has Reaffirmed Hercules An Investment Grade Credit And Corporate Rating Of Baa3 With A Revised Outlook To Positive, As Well As Its Underlying Analysis
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Hercules Capital has received a reaffirmation of its investment-grade credit and corporate rating of Baa3 from Moody's Investors Service, with an improved outlook to positive.
October 09, 2024 | 10:08 am
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Moody's Investors Service has reaffirmed Hercules Capital's investment-grade credit rating of Baa3 and upgraded its outlook to positive, indicating improved financial stability and potential for future growth.
The reaffirmation of an investment-grade rating with a positive outlook suggests increased confidence in Hercules Capital's financial health and future prospects, likely boosting investor sentiment and potentially leading to a short-term increase in stock price.
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