FS KKR Capital: The Discount Is Not Enough, And Dividend Cut Likely

Core Insights - The analyst changed the rating of FS KKR Capital (NYSE: FSK) from buy to hold, realizing a profit of approximately 27% and exiting the position due to concerns about future performance [1] Group 1: Company Overview - FS KKR Capital is associated with Roberts Berzins, who has over a decade of experience in financial management, aiding top-tier corporates in shaping financial strategies and executing large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia, aiming to enhance the liquidity of pan-Baltic capital markets [1] - His policy-level contributions include developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] Group 2: Analyst Background - Roberts Berzins is a CFA Charterholder and holds an ESG investing certificate, with experience including an internship at the Chicago Board of Trade [1] - He is actively involved in thought-leadership activities to support the development of pan-Baltic capital markets [1]