Specialty finance company Hercules Technology Growth Capital announced that Kroll Bond Rating Agency reaffirmed Hercules’ investment grade corporate rating of BBB+. KBRA issued a statement announcing the reaffirmation of the rating and stable outlook, as well as its underlying analysis.

“We are very pleased to receive our investment grade corporate credit rating from KBRA,” stated Mark R. Harris, chief financial officer of Hercules. “Being one of the few business development companies to receive an investment grade rating from both KBRA and S&P is further validation of our leading originations platform coupled with our stringent underwriting standards.”

The affirmed BBB+ rating reflects the company’s focus on senior secured debt, positive asset quality performance, and adequate leverage metrics. KBRA also noted Hercules’ proven access to capital markets and its expertise in investing in venture-backed companies with strong growth potential as well as the quality of their credit risk management and monitoring.