Goldman Sachs BDC: Risks Are Growing (Rating Downgrade)

PM Images Shares of Goldman Sachs BDC (NYSE:GSBD) corrected sharply after the BDC reported second fiscal quarter results at the beginning of the month. The biggest take-away from Goldman Sachs BDC's second-quarter earnings report was that the company saw a material increase in the non-accrual percentage, which is posing net investment income and coverage risks for the BDC. Although Goldman Sachs BDC supported its dividend with net investment income in Q2'24, the risk matrix has been negatively impacted here ...