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Prospect News home > News index > List of issuers K > Headlines for KKR Group Finance Co. IV LLC > News item |
Fitch assigns A to KKR, notes
Fitch Ratings said it assigned a long-term issuer default rating of A to KKR Group Finance Co. IV LLC (a subsidiary of KKR & Co. LP).
The outlook is stable.
In addition, the agency expects to assign a rating of A(EXP) to the yen-denominated unsecured notes expected to be issued by KKR Group Finance Co. IV.
Proceeds are expected to be used for general corporate purposes, including to fund potential acquisitions and investments in Japan.
The notes are expected to rank equally with existing notes issued from KKR Group Finance Co. LLC, KKR Group Finance Co. II LLC and KKR Group Finance Co. III LLC.
Fitch said the issuer default rating and unsecured debt ratings of KKR Group Finance Co. IV LLC reflect joint and several guarantees on debt at the finance subsidiaries by KKR Management Holdings LP, KKR International Holdings LP and KKR Fund Holdings LP, which collect all fee, interest, dividend, and carry income from underlying funds, in addition to a guarantee from KKR.
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