Ares downgraded by S&P after merger announcement
Ares Management has seen its credit rating downgraded by one notch to BBB+ by Standard & Poor's following the announcement of a proposed merger with Kayne Anderson Capital
I don't know sufficient details to argue the rating with S&P, but you've got to admit Ares is using primarily equity for the acquisition. Debt yields remain low, so there's clearly some good, voluntary discipline here!
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Comment by: Anonymous. Posted 8 years ago [2015-08-05 20:24:52]