Moody's cuts Blue Owl fund outlook on redemption surge
Moody's lowered the outlook for Blue Owl Credit Income Corp to negative after high redemption requests. The agency expects elevated outflows to persist.
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MOODY'S CORP has lowered its outlook for a $36 billion fund managed by BLUE OWL CAPITAL INC from stable to negative. The ratings agency cited a significant surge in redemption requests during the first quarter, which notably exceeded those of its industry peers. This adjustment reflects growing concerns over liquidity within the private credit sector as investors seek to withdraw capital at an accelerated pace.
