Fitch sees rating KKR notes A

Fitch Ratings said it plans to assign KKR Group Finance Co. XII LLC’s proposed $750 million of 4.85% senior unsecured notes due 2032 an A rating. The agency also gave the KKR & Co. Inc. subsidiary an A long-term issuer default rating.

“Finance Co. XII's IDR is equalized with that of KKR and its subsidiary, KKR Group Partnership LP, which collects all of the firm's revenues and provides joint and several guarantees on all of KKR's outstanding debt,” Fitch said in a press release.

The proceeds are expected to be used for general corporate purposes, including to fund potential acquisitions and investments.

The outlook is stable.

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