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TPG Specialty Lending Receives Investment Grade Ratings From Fitch

July 30, 2014, 07:36 AM
Filed Under: Industry News

TPG Specialty Lending, Inc.  announced that Fitch Ratings has assigned the Company investment grade ratings of BBB-; the Rating Outlook is Stable. The Fitch ratings follow Standard and Poor’s assignment of a BBB- rating in March 2014.

“We are pleased with the investment grade ratings assigned to us by Fitch Ratings, and to have joined a select group of our Business Development Company peers who are rated investment grade by multiple ratings agencies. We believe these ratings are a reflection of our investment strategy, the quality of our portfolio, and our dedicated team and resources,” said co-CEO Joshua Easterly.

“Fitch’s ratings further strengthen our competitive positioning as a capital provider to the middle market,” added co-CEO Michael Fishman.

TSL is a specialty finance company focused on lending to middle-market companies. TSL seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. TSL has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. TSL is externally managed by TSL Advisers, LLC, an SEC-registered investment adviser.

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