II CHIA 083 100 p 198 188 i I P III # # HOBEL 1984 1 000 1 I I I H . Hiroshi Watanabe I have been covering Monroe Capital (NASDAQ:NASDAQ:MRCC) since December last year. Both my initial and the follow-up article in which I assessed the Q1, 2024 dynamics outlining a relatively bearish case. The reason for this was simple - the underlying risks were too excessive to open a long-term stake in the BDC. For example, such metrics as leverage, dividend coverage and deteriorating portfolio quality all embodied chara ...