Fitch: Ares Capital's 'BBB' Ratings Not Currently Impacted by GE Asset Sales

April 14, 2015 2:18 PM

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(The following statement was released by the rating agency) NEW YORK, April 14 (Fitch) Fitch Ratings does not anticipate any current impact to Ares Capital Corporation's (Ares Capital) 'BBB' ratings resulting from General Electric Corporation's (GE) announcement that it plans to divest the majority of General Electric Capital Corporation (GECC).

Ares Capital and GECC currently co-invest in first lien senior secured loans of middle market companies through the Senior Secured Loan Fund LLC (SSLP). The fund, which was formed in December 2007, had $9.9 billion of funded commitments at Dec. 31, 2014. Ares Capital's investment in the fund, amount...

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