Outlook Cut to Negative for Blackstone and Golub Capital BDCs

Blackstone Ties Up With Nippon Life on Private Credit Investment

Blackstone Inc. has entered an agreement to provide Nippon Life Insurance Co. with investment services, adding to an increasing number of tie-ups between private investment firms and Japanese insurers.

Moody's Gives Negative Rating To Blackstone, Golub Capital's Private Credit Funds

Moody's Ratings has revised the outlook on Golub Capital BDC, Inc. and Blackstone Secured Lending Fund from stable to negative.

Outlook cut to negative for Blackstone and Golub Capital BDCs

Moody’s Ratings has dropped the outlook on two business development companies (BDCs) managed by Blackstone and Golub Capital from stable to negative, citing signs of deteriorating asset quality from their software exposure. The ratings agency said it has changed the outlook for the Blackstone Secured Lending Fund (BXSL) and Golub Capital BDC, while affirming the […] The post Outlook cut to negative for Blackstone and Golub Capital BDCs appeared …

Moody’s Turns Negative on Blackstone and Golub Private-Credit Funds:

(HedgeCo.Net )— Moody’s decision to revise its outlook to negative on Blackstone Secured Lending Fund and Golub Capital BDC marks another important warning signal for the private credit market. The change does not mean either vehicle is in immediate distress. It does not imply an imminent default. It does not suggest that private credit as an asset class is broken. But it does show that the market’s most important observers are beginning to scru…