BDCs prepared for Fed's tapering

06/25/2013 | Motley Fool, The

A number of business development companies say they have prepared for a higher interest rate environment and can weather the storm unleashed last week by the Fed. Fifth Street Finance, for instance, notes that its loans are generally floating rate and its borrowing costs are fixed, putting it in a good position to actually benefit from an upturn in short-term rates.

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