Business development companies should withstand 2024 economic slowdown, but credit conditions will weaken, Fitch says
November 27, 2023 at 12:27 PM EST
Ares Capital Corp. and Sixth Street Specialty Lending Inc. held onto the highest debt ratings among the 21 business development companies covered by Fitch Ratings, amid expectations that the sector will face economic headwinds in 2024, but with no major impact to their balance sheets.
