Home>Ares Capital Corporation ARCC Q4 2011 Earnings Call Transcript
Ares Capital Corporation ARCC Q4 2011 Earnings Call Transcript
Earnings Call Transcripts by Morningstar Inc.
Tue, 28 Feb 2012
Good morning. Welcome to Ares Capital Corporation's Earnings Conference Call. At this time, all participants are in a listen-only mode. As a reminder, this conference is being recorded on Tuesday, February 28, 2012.
With yield spreads back to pre-crisis levels, there is less room for error in the high-yield market today, says Morningstar director of fixed-income research Eric Jacobson.
Morningstar associate director of fund analysis Miriam Sjoblom explains what drove municipal bonds' great performance in 2011 and what issues may lie ahead for muni investors.
While duration exposure remains troublesome, large-scale bank deleveraging in the last year has credit markets looking ripe for investment, says Driehaus' K.C. Nelson.