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Fly News Breaks for April 28, 2016
BKCC
Apr 28, 2016 | 06:42 EDT
DA Davidson analyst Arren Cyganovich downgraded BlackRock Capital to Neutral citing Q1 results that included a surprising jump in non-accrual loans to 14% of total investments at cost, up from 4% in the prior quarter and zero from six months ago. The analyst said credit quality deterioration increases his concerns about the remaining legacy investments.
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