Trinity Capital Receives Investment Grade Rating from Morningstar DBRS
"We are pleased with the Morningstar DBRS rating and appreciate their confidence in Trinity," said
The rating affirms Trinity's "track record of operating performance despite volatility in the VC financing ecosystem and diversified funding profile," according to the Morningstar DBRS release. Morningstar DBRS also assigned an investment grade credit rating of "BBB (low)" to the Company's long-term senior debt.
Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, Morningstar DBRS is the fourth-largest credit rating agency in the world and a market leader in
Trinity (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors.
About Morningstar DBRS
Morningstar, Inc. is a leading provider of independent investment insights in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $264 billion in assets under advisement and management as of June 30, 2023. The Company operates through wholly- or majority-owned subsidiaries in 32 countries. For more information, visit www.morningstar.com/company.
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Ben Malcolmson, Head of Investor Relations, Trinity Capital, Inc., email@example.com