S&P gives Owl Rock Core, notes BBB-

S&P said it assigned its BBB- issuer credit rating to Owl Rock Core Income Corp. and a BBB- issue rating to its planned senior unsecured notes.

“The BBB- issuer credit rating on Orcic reflects its strong origination capabilities, diversified funding mix, experienced management team and expected leverage of 0.9x-1.25x. Partially offsetting these strengths are Orcic's concentration in leverage lending to middle-market companies, relatively short operating history and liquidity needs for shareholder redemptions,” S&P said in a press release.

The outlook is stable.

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