Fitch views Sixth Street unit positively

Fitch Ratings said it affirmed its BBB ratings for Sixth Street Specialty Lending, Inc. (TSLX) and revised the outlook to positive from stable.

“The positive outlook reflects TSLX's strong and differentiated credit performance, consistent operating performance and management of leverage within the firm's targeted range of 0.9x-1.25x, while focusing on first-lien investments with lower underlying portfolio company leverage.

Fitch could upgrade TSLX's ratings by one notch if the firm maintains leverage within its targeted range, without a meaningful change in the portfolio risk profile, and continues to demonstrate strong earnings and asset quality metrics through the current economic environment,” the agency said in a press release.

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