Hercules Capital Secures BBB+ Credit Rating with Stable Outlook

Hercules Capital, Inc. (NYSE: HTGC), a specialty finance provider focused on venture growth loans for technology and life sciences companies, has had its investment grade corporate and credit rating of BBB+ affirmed with a stable outlook by Kroll Bond Rating Agency (KBRA). This affirmation highlights Hercules Capital's diverse investment portfolio, strong operating history, robust risk management, and solid credit quality supported by an experienced investment team. The company benefits from proven access to capital markets, a diversified funding mix, and a high proportion of unsecured debt, which provides strong protection for noteholders. Hercules Capital's shares have shown resilience, with a 4.9% rise over the past year, and analysts maintain a moderate buy consensus with price targets ranging approximately between $19.00 and $24.00. The company’s long-term stability is underscored by its 20+ year operating record, including performance through the global financial crisis. Overall, KBRA's rating reaffirmation signals confidence in Hercules Capital's financial health and strategic positioning within the specialty finance sector.