GSBD - Blue Owl Capital: Improved Special Dividend Potential After CPI Report (Rating Upgrade)
2024-04-15 04:44:06 ET
Summary
- Blue Owl Capital has a considerable amount of floating-rate loans in its debt portfolio and a low payout ratio.
- The central bank may delay rate cuts or forgo them altogether in 2024 due to worse-than-anticipated inflation figures.
- OBDC could benefit from a higher-for-longer rate environment and has the potential for stronger net investment income growth.
Blue Owl Capital Corporation ( OBDC ) is a First Lien-centric business development company with a relatively low pay-out ratio (of about 69%) that has a considerable amount of floating-rate loans in its debt portfolio....
Blue Owl Capital: Improved Special Dividend Potential After CPI Report (Rating Upgrade)