Fitch Ratings affirmed its A long-term issuer default ratings on Oaktree Capital Group LLC and its related entities, following the announcement that Brookfield Asset Management Inc. agreed to acquire roughly 62% of Oaktree.

The ratings outlook is stable.

The action is based on the rating agency's expectation that the acquisition will not negatively impact Oaktree's core business activities, strategic objectives, risk appetite, management or financial profile.