S&P affirms TPG Specialty Lending

S&P said it affirmed its BBB- issuer credit rating and senior unsecured debt ratings on TPG Specialty Lending Inc.

The outlook remains stable.

The agency said the affirmation reflects a view that the company has performed well relative to peers in terms of asset quality and maintaining and increasing its net asset value.

It also reflects the continued progress the company has made in securing new sources of funding, thereby limiting its reliance on its senior secured credit facility, S&P said.

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