Fitch revises Sculptor view to stable

Fitch Ratings said it revised the outlook to stable from negative and affirmed Sculptor Capital Management, Inc. and its related entities' long-term issuer default rating at B+. Fitch also withdrew the existing senior secured debt rating at BB-/RR3.

The senior secured debt ratings were withdrawn due to the facility's paydown and termination as part of the recently completed recapitalization, Fitch said.

“The outlook revision reflects the execution of a recapitalization transaction, which reduced Sculptor's outstanding borrowings and improved its leverage metrics,” Fitch said in a press release.

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