Oaktree Specialty Lending: 0.95X Coverage Is A Problem (Rating Downgrade)

Core Viewpoint - Oaktree Specialty Lending (NASDAQ: OCSL) experienced a significant decline in net investment income due to a shrinking investment portfolio in the third quarter, leading to serious coverage issues [1] Financial Performance - The company reported a considerable decrease in net investment income, indicating potential challenges in maintaining profitability [1] - The decline in investment income is attributed to a reduction in the size of the investment portfolio [1] Coverage Issues - Oaktree Specialty Lending is facing serious coverage issues as a result of the decline in net investment income, which may impact its ability to meet financial obligations [1]