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S&P rates Owl Rock Capital Corp. II BBB-
S&P said it assigned a BBB- rating to Owl Rock Capital Corp. II.
“The rating reflects ORCC II's low leverage, experienced management team, and the capabilities of its investment adviser. Management is highly experienced in leveraged finance and has established a large-scale direct lending platform,” S&P said in a press release.
S&P assigned a stable outlook, because it expects the company to maintain an asset coverage ratio above 220%, debt to adjusted total equity of about 0.75x, solid investment portfolio performance and adequate liquidity.
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