Moody’s cuts FS KKR Capital to junk on asset quality concerns
Tuesday, March 24, 2026 · first reported by Private Equity Wire and 1 other
Moody's Ratings has downgraded FS KKR Capital Corp (FSK), a $13 billion publicly traded business development company (BDC) managed by KKR and Future Standard, stripping it of investment grade status due to concerns over asset quality. This regulatory action raises significant concerns for investors in the fund.
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