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I'm in my first year at university penegra in empty stomach Ares' ratings could potentially be upgraded over the next 18-24 months provided the company demonstrates measured portfolio growth in the face of what Fitch believes is an overheating credit environment. This will be evaluated in the context of the stability and consistency of Ares' operating performance, asset quality, valuation, and underlying portfolio metrics, including leverage and interest coverage. Specifically, up-ticks in underlying portfolio leverage, and/or deterioration in portfolio company interest coverage or overall portfolio yields, could signal the potential for asset quality issues down the road, which would likely lead to an Outlook revision.
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