Fitch alters Owl Rock view to positive

Fitch Ratings said it changed its outlook to positive from stable and affirmed Owl Rock Capital Corp.'s long-term issuer default, secured debt and unsecured debt ratings at BBB-.

“The rating outlook revision reflects ORCC's solid execution, which has resulted in strong funding diversity, below-average net realized loss rates since inception and a strong competitive positioning given its ability to speak for large hold sizes as part of Blue Owl Capital Inc.'s (Blue Owl; BBB/stable) direct lending activities under the Owl Rock division,” Fitch said in a press release.

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