Hercules Capital Receives Confirmed BBB Investment Grade Rating with Revised Outlook to Positive from Morningstar DBRS
“We are very pleased that DBRS has confirmed our BBB investment grade credit and corporate rating and revised the outlook to positive,” stated
The confirmed BBB rating with a trend revision to Positive reflects the Company’s continued solid franchise as a marquee lender in the VC financing ecosystem with a scaled on balance sheet investment portfolio. Historical credit performance has been strong, underpinned by a well-designed risk management framework, and demonstrated solid underwriting and portfolio monitoring performance across multiple economic cycles. The Company also has a broad, diversified funding profile and conservative regulatory leverage.
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This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the
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