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Published on 10/31/2022 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

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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