Fitch shifts Blackstone fund view to positive

Fitch Ratings said it changed the outlook to positive from stable and affirmed the long-term issuer default, secured debt and unsecured debt ratings of Blackstone Secured Lending Fund (BXSL) at BBB-.

“The outlook revision reflects progress made ramping the portfolio, with a peer-superior focus on first-lien loans, enhanced funding flexibility, with 57.7% of debt unsecured at Dec. 31, 2021, and the public listing of the company's shares in October 2021, which gives BXSL access to the public equity markets,” Fitch said in a press release.

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