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

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TAGS: kayne anderson Ares

Comment by: Anonymous. Posted 2 years ago [2015-08-05 20:24:52]

Maybe Ares will announce their own dividend deal shortly?

Comment by: Anonymous. Posted 2 years ago [2015-08-05 00:30:24]

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!