KBRA Affirms and Assigns Rating on Senior Notes and MRPS Issued by Kayne Anderson Energy Infrastructure Fund, Inc.
2024年5月20日 - 10:39PM
ビジネスワイヤ(英語)
KBRA assigns the 'AAA' rating and 'Stable' outlook to the
additional Senior Notes (Series WW) with an aggregate size of $35
million and Senior Notes (Series XX) with an aggregate size of $40
million. Concurrently, KBRA affirms the ‘AAA’ rating to the
outstanding Senior Notes and affirms the ‘A+’ ratings to the
outstanding Mandatory Redeemable Preferred Shares issued by Kayne
Anderson Energy Infrastructure Fund, Inc. (“KYN” or the“Fund”).
The Fund is registered under the Investment Company Act of 1940
(the “'40 Act”) and is a closed-end investment fund managed by KA
Fund Advisors, LLC. The Fund had its commenced operations on
September 28, 2004 and its shares are listed on the New York Stock
Exchange under the symbol KYN. The Fund’s investment strategy
focuses on equity securities of energy infrastructure
companies.
To access rating and relevant documents, click here.
Click here to view the report.
Related Publications
- KBRA Affirms and Assigns Rating on Senior Notes and MRPS Issued
by Kayne Anderson Energy Infrastructure Fund, Inc. - 10 Jan
2024
- KBRA Affirms and Assigns Ratings on Senior Notes and MRPS
Assumed by Kayne Anderson Energy Infrastructure Fund, Inc.
Following Acquisition of Kayne Anderson NextGen Energy &
Infrastructure, Inc. - 13 Nov 2023
- KBRA Affirms Ratings on Outstanding Senior Notes and
Outstanding MRPS Issued by Kayne Anderson Energy Infrastructure
Fund, Inc. - 17 May 2023
Methodologies
- Funds: Investment Fund Debt Global Rating Methodology
- ESG Global Rating Methodology
Disclosures
Further information on key credit considerations, sensitivity
analyses that consider what factors can affect these credit ratings
and how they could lead to an upgrade or a downgrade, and ESG
factors (where they are a key driver behind the change to the
credit rating or rating outlook) can be found in the full rating
report referenced above.
A description of all substantially material sources that were
used to prepare the credit rating and information on the
methodology(ies) (inclusive of any material models and sensitivity
analyses of the relevant key rating assumptions, as applicable)
used in determining the credit rating is available in the
Information Disclosure Form(s) located here.
Information on the meaning of each rating category can be
located here.
This credit rating is endorsed by Kroll Bond Rating Agency
Europe Limited for use in the European Union and by Kroll Bond
Rating Agency UK Limited for use in the UK. Information on a credit
rating’s endorsement status is available on its rating page at
KBRA.com.
Further disclosures relating to this rating action are available
in the Information Disclosure Form(s) referenced above. Additional
information regarding KBRA policies, methodologies, rating scales
and disclosures are available at www.kbra.com.
There are certain issuers, entities or transactions rated by
KBRA Europe or KBRA UK that may be or have relationships with
Shareholders and/or Shareholder-Related Companies, as that term is
defined in KBRA’s Shareholder and Shareholder Related Companies for
KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure
information may be found here.
About KBRA
Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit
rating agency registered with the U.S. Securities and Exchange
Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is
registered as a CRA with the European Securities and Markets
Authority. Kroll Bond Rating Agency UK Limited is registered as a
CRA with the UK Financial Conduct Authority. In addition, KBRA is
designated as a designated rating organization by the Ontario
Securities Commission for issuers of asset-backed securities to
file a short form prospectus or shelf prospectus. KBRA is also
recognized by the National Association of Insurance Commissioners
as a Credit Rating Provider.
Doc ID: 1004344
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Analytical Contacts
Jan Hurtado, Analyst (Lead Analyst) +1 646-731-1342
jan.hurtado@kbra.com
Chelsea Nguyen, Director +1 646-731-1251
chelsea.nguyen@kbra.com
Gopal Narsimhamurthy, Senior Managing Director, Global Head of
Funds Ratings (Rating Committee Chair) +1 646-731-3392
gopal.narsimhamurthy@kbra.com
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