Credit RiskCION's credit risk is above average, with second lien, subordinated debt, CLOs, equity, and non-accruals totaling 16.8% of the portfolio.
Net Credit LossesCION's trailing five-year and four-year net credit losses averaging 147 bps and 137 bps, respectively, are above the group average.
Revenue QualityPayment-in-Kind (PIK) was 16.6% of revenues, well above the group average of 7.5%, and highest of all BDCs under coverage.