Fitch affirms Blackstone

Fitch Ratings said it has affirmed the long-term issuer default ratings the Blackstone Group LP and its related entities at A+ and affirmed the short-term issuer default ratings at F1.

The outlook is stable.

According to the agency, the rating affirmations reflect Blackstone's competitive position as a global alternative asset manager, experienced management team, strong corporate culture, solid investment track record, large institutional investor base, significant fee-earning assets under management, incentive income-generating capability, ample liquidity, relatively low leverage and subordination of general partner interests to outstanding indebtedness.

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