KBRA rates Kayne Anderson notes AAA

KBRA said it assigned an AAA rating to the senior notes series F to be issued by Kayne Anderson NextGen Energy & Infrastructure, Inc. (KMF). The agency also affirmed the AAA rating to the outstanding senior notes and affirmed the A+ rating to the outstanding mandatory redeemable preferred shares issued by KMF.

“The rating is driven primarily by KMF’s asset coverage, liquidity and management experience. As a fund registered under the Investment Company Act of 1940 (the ꞌ40 Act), KMF is subject to regulatory requirements which dictate minimum asset coverage ratios of 300% on senior debt and 200% on total leverage,” the agency said in a statement.

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