S&P rates KKR Group notes A

S&P said it assigned its A debt rating to the planned yen-denominated senior unsecured notes to be sold by KKR Group Finance Co. XI LLC, an indirect subsidiary of KKR & Co. Inc., which with KKR Group Partnership LP will guarantee the notes.

The company will issue the notes in up to seven tranches with maturities ranging from five to 30 years.

KKR is expected to use the proceeds in Japan.

The outlook is stable.

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