Blackstone Secured Lending Fund
BXSL|BDC|CIK: 1655888
AGENCY SAYS
Moody'sBBB
S&PBBB
FitchBBB
OutlookStable
NICK SAYS
Nick's Mark0.82
FCF Conv.55%
LTV Est.68%
"Portfolio concentration risk in middle market direct lending"
CROWD SAYS
Upgrade
0.0%
Hold
65.0%
Downgrade 1
25.0%
Downgrade 2+
8.0%
Default
2.0%
Implied RatingBBB-
Implied Spread+280bps
PER-AGENCY DOWNGRADE ODDS — Q4 2026
Moody's
25.0%
S&P
18.0%
Fitch
15.0%
WHO DOWNGRADES FIRST?
Moody's
30.0%
30¢
S&P
20.0%
20¢
Fitch
15.0%
15¢
None
35.0%
35¢
MARKETS (1) — click to expand