Fitch affirms Fortress

Fitch Ratings said it affirmed Fortress Investment Group LLC's long-term issuer default rating at BBB and short-term issuer default rating at F2.

The outlook is stable.

The affirmation reflects the company's competitive position as a global alternative asset manager, experienced management team, solid cash flow and modest leverage, Fitch said.

The ratings are constrained by the risks of its many limited partnership agreements, limited revenue diversity and concentration of investments within many private equity fund vehicles, the agency said.

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