Dilok Klaisataporn FS KKR Capital Corp (NYSE:FSK) reported a concerning increase in its non-accrual ratio for the fourth quarter. The BDC’s stock price dropped 8% after quarterly earnings were released on Monday, and I think that the increase in non-accrual is too substantial to ignore. Hence, I feel compelled to lower my stock classification from Buy to Hold. Though FS KKR Capital out-earned its regular dividend with net investment income, the margin of dividend safety deteriorated. With the pay-out ratio ...