KBRA Assigns Preliminary Ratings to Monroe Capital Income Plus ABS Funding II, LLC
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KBRA has assigned preliminary ratings to Monroe Capital Income Plus ABS Funding II, LLC, a $255 million securitization managed by Monroe BDC Advisors, LLC. The securitization is backed by recurring revenue and middle market corporate loans.
November 06, 2024 | 7:45 pm
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POSITIVE IMPACT
Monroe Capital Corporation (MRCC) is indirectly involved as its affiliate, Monroe BDC Advisors, manages the new $255 million securitization rated by KBRA.
The involvement of Monroe BDC Advisors, an affiliate of MRCC, in managing a new securitization could positively impact MRCC by enhancing its reputation and potentially leading to increased business opportunities.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60