Moody’s acts on Blue Owl

Moody’s Investors Service said it changed its outlooks to positive from stable for Blue Owl Capital Corp., Blue Owl Capital Corp. II, Blue Owl Capital Corp. III and Blue Owl Credit Income Corp. The agency also affirmed their ratings.

The positive outlook reflects that while asset risks in the sector are currently rising, the asset quality performance of the Blue Owl companies is likely to be resilient, supported by their portfolio composition that is oriented toward senior secured investments, sound underwriting and effective asset selection, Moody’s said.

The agency also said it sees the companies generating good profitability with manageable leverage.

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