Moody’s Ratings has upgraded the senior unsecured ratings of Blue Owl Capital Corporation (OBDC) and Blue Owl Credit Income Corp. (OCIC) to Baa2 from Baa3, with stable outlooks. This upgrade reflects the business development companies’ (BDCs) strong asset quality, conservative leverage, and low loss history over nearly nine years of operation. The move places both BDCs in a select group of similarly rated entities, highlighting their credit discipline and robust management capabilities.
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Moody’s Upgrades Blue Owl BDCs to Baa2
Moody’s Ratings has upgraded the senior unsecured ratings of Blue Owl Capital Corporation (OBDC) and Blue Owl Credit Income Corp. (OCIC) to Baa2 from Baa3, with stable outlooks. This upgrade reflects the business development companies’ (BDCs) strong asset quality, conservative leverage, and low loss history over nearly nine years of operation. The move places both BDCs in a select group of similarly rated entities, highlighting their credit discipline and robust management capabilities.