PennantPark Floating Rate Capital: BDC Risk Profiles
- This article discusses risk indicators for investing in PennantPark Floating Rate Capital.
- PFLT is a solid component in my suggested risk averse portfolio.
- BDCs invest in smaller private companies with minimal reporting requirements making risk assessment difficult.
- Many BDCs do not disclose relevant metrics for indicating portfolio credit quality and this series will attempt to provide investors with this information.