Fitch upgrades Sixth Street Specialty

Fitch Ratings said it upgraded Sixth Street Specialty Lending, Inc.'s (TSLX) long-term issuer default rating, secured debt rating and unsecured debt rating to BBB from BBB-.

“The ratings upgrade reflects TSLX's strong and differentiated credit performance, as demonstrated by its generation of cumulative net realized gains from inception through Dec. 31, 2021, despite maintaining low exposure to equity investments, which have the potential to generate more meaningful gains, and peer-superior consistency of operating performance historically,” Fitch said in a press release.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.