Streetbeat News

Credit Ratings

CSWC

Capital Southwest Corporation (CSWC) has been affirmed an investment grade long-term issuer rating of Baa3 with a stable outlook by Moody's Investors Service. The rating reflects the company's strong capitalization, diverse funding profile, first-lien investment portfolio, consistent earnings, and internally managed business development structure.

Portfolio Pulse from

March 25, 2025 | 8:15 pm

CSWC

Capital Southwest (CSWC) has been affirmed an investment grade long-term issuer rating of Baa3 with a stable outlook by Moody's Investors Service. The rating highlights the company's strong capitalization, diverse funding profile, first-lien oriented investment portfolio, recurring earnings generation, and internally managed structure.

Portfolio Pulse from

March 25, 2025 | 8:15 pm

AFRM

Affirm has formed a strategic partnership with J.P. Morgan Payments to expand its buy now, pay later (BNPL) services across the J.P. Morgan merchant network in the U.S. Simultaneously, the company is preparing to report all payment plans to Experian starting April 1, aiming to help consumers build credit histories and provide more transparency in lending.

Portfolio Pulse from

March 25, 2025 | 4:30 pm

ISD

The PGIM High Yield Bond Fund (ISD) is a closed-end fund focusing on below investment grade bonds. While the fund has historically performed well, there are emerging caution signals that investors should carefully consider before making investment decisions.

Portfolio Pulse from

March 25, 2025 | 2:45 pm

MSIF

MSC Income Fund has amended its special purpose vehicle (SPV) revolving credit facility with JPMorgan Chase Bank. The key changes include reducing the interest rate from three-month SOFR plus 3.00% to three-month SOFR plus 2.20%, extending the revolving period through February 2029, and pushing the final maturity date to February 2030.

Portfolio Pulse from

March 25, 2025 | 11:15 am

PAC

Grupo Aeroportuario del Pacífico (GAP) has completed refinancing a credit facility with Banco Nacional de México (Citibanamex) for USD$40.0 million. The refinancing extends the maturity by 6 months, with interest payable monthly at a variable SOFR plus 25 basis points, and principal due on September 18, 2025.

Portfolio Pulse from

March 22, 2025 | 12:00 am

ICE

Intercontinental Exchange (ICE) released its monthly mortgage performance report showing a continued slow rise in loan delinquencies. The total U.S. loan delinquency rate reached 3.53% as of February 28, 2025, representing a 1.45% month-over-month increase and a 5% year-over-year rise. The report highlights particular focus on FHA loan performance.

Portfolio Pulse from

March 21, 2025 | 1:15 pm

JAAA

JBBB

The article discusses mounting economic headwinds and suggests investors focus on high-quality, AAA-rated funds like the Janus Henderson AAA CLO ETF (JAAA) as a safer investment strategy. The author appears cautious about credit markets and recommends avoiding riskier investment options.

Portfolio Pulse from

March 21, 2025 | 12:45 pm

BY

Byline Bancorp, Inc. has received a credit rating upgrade from Kroll Bond Rating Agency, reflecting the company's strong performance and positive financial outlook.

Portfolio Pulse from

March 20, 2025 | 12:00 pm