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Published on 5/18/2023 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

S&P assigns A to KKR samurai notes

S&P said it assigned an A rating to KKR Group Finance Co. XI LLC’s planned yen-denominated senior unsecured notes. Parent KKR & Co. Inc. and KKR Group Partnership LP will guarantee the notes.

KKR will sell the notes in six tranches with maturities from 2028 to 2053.

The proceeds will be used for general corporate purposes.

The outlook is stable.


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