Moody's affirms New Mountain Finance Corp's Baa3 issuer rating; outlook stable
Moody's Investors Service (Moody's) has today affirmed New Mountain Finance Corp.'s (NMFC) Baa3 long-term issuer rating and maintained the stable outlook. RATINGS RATIONALE The affirmation of NMFC's Baa3 rating reflects the company's relatively low leverage, 13-year operating history, and the be...New Mountain Finance is a closed-end, non-diversified management investment company that is engaged in the sourcing and origination of debt securities at various levels of the capital structure, including first and second lien debt, notes, bonds and mezzanine securities. In some cases, the company's investments may also include equity interests. The company makes investments through both primary originations and open-market secondary purchases.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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11,000 corporate issuers
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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