S&P Global Ratings raised its issuer credit rating on Oaktree Specialty Lending Corp. to BB+ from BB.
The outlook is stable.
The rating reflects S&P's expectation that the company will continue its remediation efforts to improve investment performance and maintain "very low leverage." The stable outlook is indicative of the rating agency's expectation that the company will operate with leverage of 0.70x to 0.85x in the long term.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.
