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Moody's affirms TPG Specialty Lending's senior unsecured rating

Moody's affirmed TPG Specialty Lending Inc.'s long-term issuer and senior unsecured debt ratings at Baa3, with a stable outlook.

The rating agency said the affirmation is due to TPG Specialty Lending's continued strong financial performance, as evidenced by its superior profitability, consistent with its results since the 2014 IPO. TPG Specialty Lending continues to maintain a strong asset mix, focused on first-lien investments, and solid asset coverage, according to Moody's.