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AP Alternative Assets L.P. And AAA Investments L.P. Assigned 'BBB' Ratings Oct 11
Standard & Poors, Oct 2011
Abstract
We assign our 'BBB' counterparty credit ratings to AP Alternative Assets L.P. and AAA Investments L.P. The outlook is stable. We expect that the funds' liquidity and leverage will remain strong and leverage stable, respectively. NEW YORK (Standard & Poor's) Oct. 5, 2011--Standard & Poor's Ratings Services today said it assigned its 'BBB' counterparty credit ratings to Guernsey-based AP Alternative Assets L.P. and AAA Investments L.P. (collectively referred to as AP Alternative Assets or the funds). The outlook is stable. The ratings on AP Alternative Assets reflect the well-established and experienced management and investment teams at Apollo Global Management LLC (Apollo), the parent company of its investment manager; and the funds' public equity capital structure, sound liquidity profile, stable cash...
Companies mentioned in this report are: AP Alternative Assets LP,AAA Investments LP
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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