Och-Ziff Capital Management (OZM) Master Fund Up Slightly in September

Go back to Och-Ziff Capital Management (OZM) Master Fund Up Slightly in September

Och-Ziff Capital's (OZM) IDR Rated 'BBB-' by Fitch; Outlook Stable

October 6, 2014 11:58 AM EDT

Fitch Ratings has assigned a Long-Term Issuer Default Rating (IDR) of 'BBB-' to Och-Ziff Capital Management Group LLC (NYSE: OZM). The Rating Outlook is Stable.

KEY RATING DRIVERS

The rating and Stable Outlook are based on OZM's established franchise and performance track record, particularly in the firm's multi-strategy hedge fund business, appropriate leverage and interest coverage metrics, strong profitability and a seasoned management team. Key rating constraints include the elevated level of market risk due to net asset value (NAV)-based management fees, key man risk with the firm's founder and CEO, less diversified... More