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Fitch rates KKR notes BBB
Fitch Ratings said it assigned a rating of BBB to KKR Financial Holdings LLC's $100 million 7.5% unsecured note issuance due 2042.
The proceeds will be used for general corporate purposes, including investment capital.
Fitch said it expects the company's leverage to remain between 0.5x to 1.0x in the long term.
KKR Financial has a long-term issuer default rating of BBB and senior unsecured notes rating of BBB.
The outlook is stable.
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