Fitch Ratings affirmed KKR & Co. and its related entities's long-term issuer default ratings of A.

The rating agency also affirmed unit KKR Financial Holdings LLC's long-term rating of A-. The outlook on all ratings is stable.

In affirming the ratings, Fitch cited various factors such as KKR's experienced management team, investment track record, "relatively predictable" fee-earnings stream given its "sizeable" assets under management and below-average payout ratio, among other things.