NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the following new issue of mandatory redeemable preferred shares (MRPS) issued by Kayne Anderson Energy Development Company (NYSE: KED), a non-diversified closed-end fund managed by KA Fund Advisors, LLC. --$25,000,000 of Series A 3.37% MRPS, due April 10, 2020. KEY RATING DRIVERS The rating assignment reflects: --Sufficient pro forma asset coverage provided to debt and MRPS as calculated per the fund's asset coverage tests; --T
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