Fitch to rate KKR notes A

Fitch Ratings said it assigned a long-term issuer default rating of A to KKR Group Finance Co. V LLC, an indirect subsidiary of KKR & Co. Inc.

The outlook is stable.

Concurrently, Fitch expects to assign an unsecured debt rating of A to the proposed €650 million 10-year 1.625% senior notes issued by KKR Group Finance. The final maturity will be determined at the time of issuance.

“The rating on the proposed unsecured notes is equalized with KKR's existing unsecured debt as the issuance will rank equally in the capital structure,” the agency said in a news release.

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