Fitch rates Kayne Anderson notes AAA

Fitch Ratings said it assigned an AAA rating to Kayne Anderson MLP Investment Co.'s upsized $75 million of series HH floating-rate senior notes due Aug. 19, 2016.

The agency also affirmed ratings on the fund's existing notes and mandatory redeemable preferred stock.

Fitch said the rating assignment and affirmations reflect sufficient pro forma asset coverage provided to notes and MRPS as calculated per the fund's asset coverage tests, the structural protections afforded by mandatory collateral maintenance and de-leveraging provisions in the event of asset coverage declines, the legal and regulatory parameters that govern the fund's operations and the capabilities of KA Fund Advisors, LLC as investment advisor.

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