Ares Management L.P. is a global alternative investment manager, with $77 billion of assets under management as of March 31, 2014, and an approximately 17-year track record of strong investment returns. We are assigning our 'A-' long-term issuer credit rating on Ares Management. We are also assigning our 'A-' issue rating on the company's revolving credit facility. The stable outlook reflects our expectation that the firm will maintain modest leverage while increasing its AUM within its four business lines. NEW YORK (Standard&Poor's) June 17, 2014--Standard&Poor's Ratings Services today said it assigned its 'A-' long-term issuer credit rating on Ares Management L.P. The outlook is stable. At the same time, we assigned our 'A-' issue rating on
