KKR Says Its Insurer Global Atlantic Rarely Uses Egan-Jones

KKR & Co. publicly distanced its insurer Global Atlantic from Egan-Jones Ratings Co., a firm the US Securities and Exchange Commission is scrutinizing for its rating practices in the private credit industry.

The private capital giant singled out Egan-Jones as rarely being used by Global Atlantic, in a presentation to investors to discuss its third-quarter earnings.