Fitch affirms KKR

Fitch Ratings said it affirmed the long-term issuer default rating of KKR & Co. LP and its related subsidiaries at A.

The outlook is stable.

The affirmations reflect KKR's position as a global asset manager, its experienced management team, solid investment track record, large institutional investor base, predictable fee-earning capabilities and the potential for significant incentive income, Fitch said.

The ratings also reflect the joint and several guarantees on unsecured indebtedness at finance subsidiaries by KKR Management Holdings LP and KKR Fund Holdings LP, the agency said, in addition to the subordination of general partner interests to outstanding indebtedness of the consolidated company.

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