Owl Rock Capital Corp. Assigned 'BBB-' Rating; Outlook Stable

Owl Rock Capital Corp. has low leverage, substantial committed capital, and an experienced management team, partially offset by its concentrated focus on middle-market lending and limited operating history. We are assigning our 'BBB-' issuer credit rating to Owl Rock Capital Corp. The stable outlook reflects our expectation that the company will continue to grow its investment portfolio while maintaining its underwriting discipline and debt to equity of about 0.75x. NEW YORK (S&P Global Ratings) April 11, 2018--S&P Global Ratings said today it assigned its 'BBB-' issuer credit rating to Owl Rock Capital Corp. (ORCC). The outlook is stable. The ratings reflect ORCC's low leverage, substantial committed capital, and experienced management team. The company's target leverage is 0.75x debt to equity,

...+ Owl Rock Capital Corp. has low leverage, substantial committed capital, and an experienced management team, partially offset by its concentrated focus on middle-market lending and limited operating history. + We are assigning our '###-' issuer credit rating to Owl Rock Capital Corp. + The stable outlook reflects our expectation that the company will continue to grow its investment portfolio while maintaining its underwriting discipline and debt to equity of about 0.75x. NEW YORK (S&P Global Ratings) April 11, 2018--S&P Global Ratings said today it assigned its '###-' issuer credit rating to Owl Rock Capital Corp. (ORCC). The outlook is stable. The ratings reflect ORCC's low leverage, substantial committed capital, and experienced management team. The company's target leverage is 0.75x debt to equity, and it has $5.5 billion of equity capital commitments. Management is highly experienced in leveraged finance and has established an institutional quality business development company (BDC)...

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