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Fly News Breaks for July 8, 2016
AINV
Jul 8, 2016 | 06:32 EDT
BofA/Merrill downgraded Apollo Investment to Underperform saying fundamentals are likely to remain weak near-term. The firm's analyst said Apollo's operating performance has been impacted by overweight exposure to commodities, accelerating non-accruals, falling portfolio yield, and inability to access the capital markets and views the current dividend as unsustainable.
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