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Prospect News home > News index > List of issuers K > Headlines for KKR Financial Holdings LLC > News item |
Fitch: KKR Financial at BBB
Fitch Ratings said it assigned a long-term issuer default rating of BBB to KKR Financial Holdings LLC.
The outlook is stable.
The agency said that the ratings of KKR Financial are supported by its inherent linkage and strong relationship with the parent of its investment manager, KKR & Co. LP (issuer default rating A), which has demonstrated implicit and explicit support of the company in recent years.
Other factors supporting the rating include its experienced management team, the reduction of balance sheet risk in recent years, with the removal of mark-to-market financing, relatively low leverage, improved credit trends and operating consistency, solid liquidity and a demonstrated ability to access the equity markets for growth capital, Fitch noted.
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