Moody's cuts outlook on Blue Owl fund to negative over surge in redemption requests

Blue Owl Capital +0.41%
Owl Rock Capital Corporation -0.08%

Blue Owl Capital

OWL

9.89

+0.41%

Owl Rock Capital Corporation

OBDC

11.78

-0.08%

- Ratings agency Moody's said on Tuesday that it had downgraded its outlook on one of Blue Owl's OWL.N funds over significantly higher-than-peer redemption requests in the first quarter.

Moody's cut its outlook on Blue Owl Credit Income Corp (OCIC), a $36 billion fund, to negative from stable.