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Blackstone Holdings Jan 12
Standard & Poors, Jan 2012
Abstract
Strong balance sheet and recurring stable revenues and cash flows, with a large percentage of fee-earning assets locked in for the life of the fund Conservative approach and long-term market-beating track record Globally respected brand and a broad and diverse array of businesses with countercyclical elements Long-standing and diverse institutional limited partners Partnership culture that encourages intellectual capital sharing and creates strong incentives for key talent to remain Reputation risk if fund-level investment returns fail to outperform the public equity markets Uncertain deal flow as a result of global market dislocation The ratings on the four Blackstone Holdings partnerships--Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P., and Blackstone Holdings IV L.P. (collectively, Blackstone)--are based on stable...
Companies mentioned in this report are: Blackstone Holdings I L.P.,Blackstone Holdings II L.P.,Blackstone Holdings III L.P.,Blackstone Holdings IV L.P.,Blackstone Holdings Finance Co. L.L.C.
Action: Review
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: Full Analysis
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