Fitch: Och-Ziff notes BBB-

Fitch Ratings said it expects to assign a BBB- rating to the proposed senior unsecured notes issued by Och-Ziff Finance Co. LLC, an indirect finance subsidiary of Och-Ziff Capital Management Group LLC.

Och-Ziff Finance has a long-term issuer default rating of BBB- and its outlook is stable.

The notes are guaranteed on a joint and several basis by OZ Management LP, OZ Advisors LP and OZ Advisors II LP. Fitch also said it assigned long-term issuer default ratings of BBB- to each of the guarantors.

The rating on the notes reflects the joint and several guarantees provided by Och-Ziff’s fee generating subsidiaries, Fitch said. As a result, the expected rating of the notes is equalized with the ratings of the subsidiaries, the agency said.

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