Runway Growth Finance: Weakening Distribution Coverage (Downgrade)
RWAYRunway Growth Finance (RWAY) Seeking Alpha·2024-09-12 03:27
Grafissimo Overview The rapidly changing interest rate environment really exposed the true quality of many business development companies. While interest rates sit at their decade high, it is expected that business development companies are capable of generating elevated levels of earnings through net investment income. However, there are some BDCs that have failed to capitalize during this higher interest rate environment and have fallen short against peers. Runway Growth Finance (NASDAQ:RWAY) operates ...