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Published on 10/21/2011 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

DBRS: No change for AmEx

DBRS said that its ratings of American Express Co., including its A (high) issuer and long-term debt rating, are unchanged following the company's release of 3Q11 results.

The trend is stable.

DBRS said that it views AmEx's very solid results in a period of heightened uncertainty and weak consumer sentiment as evidence of the strength of the brand and validation of the company's "spend-centric" business model.


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