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S&P rates Blackstone notes A+
S&P said it assigned its A+ rating to Blackstone Inc.'s senior unsecured notes that were sold by the company's indirect subsidiary Blackstone Holdings Finance Co. LLC. Blackstone will guarantee the notes as well as Blackstone Holdings I LP, Blackstone Holdings AI LP, Blackstone Holdings II LP, Blackstone Holdings III LP, and Blackstone Holdings IV LP.
The size of the offering will depend on market conditions, but S&P said it assumes the offering will be between $1 billion to $1.5 billion.
The agency rates Blackstone Inc. A+.
Blackstone is expected to use the proceeds for general corporate purposes.
The outlook is stable.
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