Fitch rates Owl Rock, debt BBB-

Fitch Ratings said it assigned a long-term issuer default rating of BBB- to Owl Rock Capital Corp.

The outlook is stable.

Concurrently, the agency assigned a senior secured debt rating of BBB- and a senior unsecured debt rating of BBB- to the company’s outstanding debt obligations.

Fitch said the ratings reflect Owl Rock’s strong and experienced management team, broad sponsor relationships, relatively lower risk portfolio profile than peer business development companies (BDCs), appropriate leverage and access to significant capital and liquidity, given the meaningful amount of undrawn committed capital available to the firm.

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