Moody's Ratings affirms Oaktree Specialty Lending Corporation's Baa3 ratings; outlook changed to negative
Moody's Ratings has changed the outlook on Oaktree Specialty Lending Corporation (OCSL) to negative from stable. Concurrently, Moody's Ratings has affirmed the Baa3 long-term issuer and senior unsecured rating. RATINGS RATIONALE The outlook change to negative reflects OCSL's recent sharp rise in...Oaktree Specialty Lending is a finance company focused on providing customized, credit solutions to companies with limited access to public or syndicated capital markets. The company operates as a closed-end, externally managed, non-diversified management investment company. The company is a regulated investment company. The company seeks to generate current income and capital appreciation by providing companies with financing solutions, including first and second lien loans, unsecured and mezzanine loans, bonds, preferred equity and certain equity co-investments. The company may seek to generate capital appreciation and income through secondary investments at discounts to par in either private or syndicated transactions.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
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