A more favorable funding environment and improved equity valuations could lead to improved funding flexibility for some US business development companies (BDCs) in 2017, says Fitch Ratings.
Stronger BDCs are likely to become more opportunistic issuers this year as market factors could enhance the attractiveness of issuing unsecured debt. Other challenges remain, however, and Fitch maintains a negative sector outlook.
The convertibles market is showing signs of opening up for BDCs ear
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