Investor Presentaiton
Credit Quality of Investments
INTERNAL INVESTMENT RISK RATINGS(1)
(% of Total Portfolio, Fair Value)
Q2 2022 NON-ACCRUAL %(1)
Higher Credit
Quality
Rating
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
123
7.3%
2.6%
2.8%
5.3%
7.3%
82.8%
86.2%
82.5%
79.7%
75.5%
3.55%
8.4%
10.6%
14.0%
14.1%
16.7%
4
1.5%
0.4%
0.5%
0.9%
0.4%
1.49%
5
0.0%*
0.2%
0.2%
0.0%*
0.1%
Lower Credit
Quality
Total
100.0%
100.0%
100.0%
100.0%
100.0%
Amortized Cost
Fair Value
* - Less than 1%.
Internal Investment Risk Rating Definitions
Rating Definition
1
2
3
4
5
Indicates the least amount of risk to our initial cost basis.
The trends and risk factors for this investment since origination or acquisition are generally favorable, which may include the performance of the portfolio company or a potential exit.
Indicates a level of risk to our initial cost basis that is similar to the risk to our initial cost basis at the time of origination or acquisition.
This portfolio company is generally performing in accordance with our analysis of its business and the full return of principal and interest or dividend is expected.
Indicates that the risk to our ability to recoup the cost of such investment has increased since origination or acquisition, but full return of principal and interest or dividend is expected.
A portfolio company with an investment rating of 3 requires closer monitoring.
Indicates that the risk to our ability to recoup the cost of such investment has increased significantly since origination or acquisition, including as a result of factors such as declining performance and noncompliance with debt
covenants.
We expect some loss of interest, dividend or capital appreciation, but still expect an overall positive internal rate of return on the investment.
Indicates that the risk to our ability to recoup the cost of such investment has increased materially since origination or acquisition and the portfolio company likely has materially declining performance.
Loss of interest or dividend and some loss of principal investment is expected, which would result in an overall negative internal rate of return on the investment.
(1) The discussion of the investment portfolio excludes short term investments.
CION
INVESTMENTS
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