Fitch moves Morgan Stanley view to positive

Fitch Ratings said it changed Morgan Stanley’s outlook to positive from stable and affirmed the long-term issuer default rating at A.

“Pre-pandemic, Fitch had previously indicated that MS' rating had additional upside through a normal business cycle. The positive outlook reflects the firm's transforming revenue mix and business model to be more resilient, and thus, more creditor friendly,” the agency said in a press release.

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