Two Metrics Credit Partners funds assigned 'A-' ratings from S&P Global Ratings
S&P Global Ratings has assigned an A- rating and A-2 short term credit rating to the MCP Real Estate Debt Fund (REDF), with stable outlook and confirmed its A- long term and A-2 short term credit ratings on Metrics Credit Partners Diversified Australian Senior Loan Fund (DASLF), with stable outlook.
“We view REDF’s low leverage as a key credit strength,” S&P said, adding that Metrics’ sound underwriting practices support the fund’s performance. “Metrics’ consistent investment performance and governance structure demonstrate sound risk management practises, in our view.”
Affirming its ratings for Metrics Credit Partners Diversified Australian Senior Loan Fund (DASLF), S&P cited its “very strong risk-adjusted leverage and low underlying credit risk profile relative to peers".
“In our view, DASLF holds a unique position as the only fund offering investors exposure to Australian corporate debt across the credit spectrum and providing a distinctive investment option for those seeking higher yields,” S&P said.