Fitch to rate Blackstone notes A+

Fitch Ratings said it expects to assign a rating of A+ to the notes issued by Blackstone Holdings Finance Co. LLC, a subsidiary of Blackstone Group Inc.

Proceeds are expected to be used to refinance $400 million of notes maturing in March 2021 and for general corporate purposes, which could include the funding of co-investment commitments to funds.

“The expected rating is equalized with the ratings assigned to Blackstone's existing senior unsecured debt as the new notes will rank equally in the capital structure,” the agency said in a news release.

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