Middle Market & Private Credit – 7/21/2025

Fitch Ratings Completes Peer Reviewof 12 US BDCs

Fitch Ratings has completed a peer review of 12 U.S. business development companies (BDCs). Fitch has affirmed the Long-Term Issuer Default Ratings (IDRs) on 10 issuers and completed two Review – No Actions. The Rating Outlooks for Oaktree Specialty Lending Corp. and Blackrock TCP Capital Corp. remain Negative, while all other Outlooks remain Stable.