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Published on 2/18/2020 in the Prospect News Bank Loan Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Fitch sees rating KKR notes A

Fitch Ratings said it expects to assign an unsecured debt rating of A to KKR Group Finance Co. VII LLC’s planned senior unsecured notes. Fitch also assigned a long-term issuer default rating of A to KKR Group Finance Co. VII, an indirect, debt-issuing subsidiary of KKR & Co. Inc., which Fitch rates A. The outlook is stable.

The amount, coupon and final maturity will be determined at the time of issuance. Proceeds are expected to be used for general corporate purposes, including funding potential investment opportunities and seeding new strategies.


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