S&P says Blackstone Private Credit Fund outlook revised to stable from positive
BX•S&P revised Blackstone Private Credit Fund’s outlook to stable from positive, citing a decline in NAV partly due to markdowns on large investments from 2021 and early 2022. S&P said the fund has sufficient liquidity for elevated redemptions and is expected to honor requests up to 5% of NAV.
1. Outlook revised
S&P Global Ratings revised Blackstone Private Credit Fund’s outlook to stable from positive, citing a decline in the fund’s NAV that was partly due to markdowns on certain large investments in its 2021 and early 2022 vintages. S&P said the fund maintains sufficient liquidity to meet elevated redemption requests and expects it to continue honoring requests up to 5% of NAV.
