S&P rates Blackstone ICR, revolver A+

S&P said it affirmed its A+ long-term issuer credit and senior unsecured debt ratings on Blackstone Group LP and operating subsidiaries Blackstone Holdings I LP, Blackstone Holdings II LP, Blackstone Holdings III LP and Blackstone Holdings IV LP.

The outlook remains stable.

The agency also assigned an issuer credit rating of A+ on Blackstone Holdings Finance Co. LLC with a stable outlook because it views it as a core subsidiary of Blackstone Group LP.

Furthermore, S&P assigned an A+ senior unsecured issue rating on Blackstone's recently amended $1.5 billion revolving line of credit.

"The A+ rating on Blackstone reflects the company's solid market position as an alternative asset manager, strong brand name, long track record, good investment performance, and minimal leverage," S&P credit analyst Sebnem Caglayan said in a news release.

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