trending Market Intelligence /marketintelligence/en/news-insights/trending/8Y81-QA2NHKXU5AwsVrm0g2 content esgSubNav
In This List

S&P affirms Blackstone Group, units


Insight Weekly: Fed's policy stance; overdrafts under scrutiny; energy stocks rally

Case Study

A Chinese Bank Strengthens its Credit Risk Assessments


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

S&P affirms Blackstone Group, units

S&P Global Ratings affirmed its A+ long-term issuer creditand senior unsecured debt ratings on BlackstoneGroup LP and units Blackstone Holdings I LP, Blackstone Holdings IILP, Blackstone Holdings III LP and Blackstone Holdings IV LP.

The outlook remains stable.

The rating agency also assigned an A+ issuer credit rating onBlackstone Holdings Finance Co. LLC with a stable outlook as it is considered acore subsidiary of Blackstone Group.

S&P credit analyst Sebnem Caglayan said in a news releasethat the A+ rating is based on Blackstone's solid market position as an alternativeasset manager, strong brand name, good investment performance and minimal leverage.

The outlook recognizes S&P's expectation that Blackstonewill maintain its strong business profile and continue to generate strong cash flowsfrom operations to service its outstanding debt in the next 18 months to 24 months,the rating agency said.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.