Research Update: Ares Management L.P. Outlook Revised To Stable From Positive On Expectations Of Higher Leverage; 'BBB+' Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: Ares Management L.P. Outlook Revised To Stable From Positive On Expectations Of Higher Leverage; 'BBB+' Ratings Affirmed

Research Update: Ares Management L.P. Outlook Revised To Stable From Positive On Expectations Of Higher Leverage; 'BBB+' Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: Ares Management L.P. Outlook Revised To Stable From Positive On Expectations Of Higher Leverage; 'BBB+' Ratings Affirmed
Published Oct 21, 2016
6 pages (1940 words) — Published Oct 21, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Ares Management L.P. (Ares) is planning to use proceeds from its perpetual preferred equity issuance to fund its $275 million in financial support for Ares Capital Corp.'s acquisition of American Capital Ltd. As a result, we now expect Ares to operate with leverage between 1.5x and 2.0x. We are revising our outlook on Ares to stable from positive and affirming our 'BBB+' issuer credit and senior unsecured debt ratings, as well as our 'BBB-' preferred stock rating. The stable outlook reflects our expectation that the company will continue to maintain good investment performance and solid growth in fee-paying assets under management. It also reflects our expectation that the company will maintain leverage between 1.5x and 2.0x. On Oct. 21, 2016,

  
Brief Excerpt:

...Ares Management L.P. (Ares) is planning to use proceeds from its perpetual preferred equity issuance to fund its $275 million in financial support for Ares Capital Corp.'s acquisition of American Capital Ltd....

  
Report Type:

Research Update

Ticker
0966269D
Issuer
Ares Management Corp.
GICS
Asset Management & Custody Banks (40203010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Ares Management L.P. Outlook Revised To Stable From Positive On Expectations Of Higher Leverage; 'BBB+' Ratings Affirmed" Oct 21, 2016. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ares-Management-L-P-Outlook-Revised-To-Stable-From-Positive-On-Expectations-Of-Higher-Leverage-BBB-Ratings-Affirmed-1743129>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ares Management L.P. Outlook Revised To Stable From Positive On Expectations Of Higher Leverage; 'BBB+' Ratings Affirmed Oct 21, 2016. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ares-Management-L-P-Outlook-Revised-To-Stable-From-Positive-On-Expectations-Of-Higher-Leverage-BBB-Ratings-Affirmed-1743129>
  
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