Fitch gives BlackRock TCP BBB-

Fitch Ratings said it assigned a long-term issuer default rating of BBB- to BlackRock TCP Capital Corp. The outlook is stable. In addition, Fitch assigned a senior secured debt rating of BBB- and a senior unsecured debt rating of BBB- to the company's debt obligations.

The ratings reflect the senior focus of the investment portfolio, solid track record in credit, affiliation with the BlackRock, Inc. platform, which provides access to deal flow and risk management resources, consistent operating performance, an experienced management team, strong funding flexibility with demonstrated access to the public debt markets and solid dividend coverage, Fitch said.

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