Moody's rates Kennedy-Wilson notes B2

Moody's Investors Service said it assigned a B2 rating to the new senior unsecured notes issued by Kennedy-Wilson, Inc.

The agency also assigned a provisional B2 rating to the senior unsecured shelf, a provisional B3 rating to the subordinated shelf and a provisional Caa1 rating to the preferred shelf of Kennedy-Wilson Holdings, Inc. as well as a provisional B2 rating to the senior unsecured shelf and a provisional B3 rating to the subordinated shelf of Kennedy-Wilson, Inc.

Kennedy-Wilson Inc.'s B2 senior unsecured debt rating and B2 corporate family rating were affirmed.

The outlook is stable.

Moody's said the ratings reflect the company's growing real estate asset book and a substantial portfolio of joint venture investments. Kennedy-Wilson's vertically integrated operating platform differentiates its investment proposition and its long-standing network of relationships generates valuable investment opportunities for the company and its capital partners.

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