
BlackRock TCP Capital downgraded to ’BB+’ by Fitch on asset quality concerns
Investing.com -- Fitch Ratings has downgraded BlackRock TCP Capital Corp.’s (NASDAQ:TCPC) long-term issuer default rating and debt ratings to ’BB+’ from ’BBB-’ with a stable outlook, citing deteriorating asset quality and elevated non-accrual levels. The business development company (BDC) reported net realized losses of 6% of its average portfolio at fair value in the first half of 2025 ...