Fitch pulls Sculptor from watch

Fitch Ratings said it removed Sculptor Capital Management, Inc. and its related entities' ratings from rating watch negative and affirmed the long-term issuer default ratings at B+. Fitch also affirmed the company's senior secured debt at BB-/RR3.

“The removal of the negative rating watch reflects the improvements in Sculptor's fund performance and flows and the stabilization of its assets under management (AUM) and management fees since 1Q 2020, which result in improved fee-related EBITDA (FEBITDA) prospects,” Fitch said in a press release.

Fitch also assigned a negative outlook. The outlook reflects the potential for future performance volatility given the market backdrop, the agency said.

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