DBRS confirms AmEx

DBRS said it confirmed the ratings of American Express Co. and its related subsidiaries, including its issuer and long-term debt rating of A (high), following the company's Q4 2009 earnings results.

Concurrently, DBRS said it has revised the trend on all ratings to stable from negative.

The agency noted that the action follows AmEx's recently released Q4 2009 results evidencing continued improvement in overall financial metrics, improved trends in credit performance, and still solid capitalization and liquidity.

In DBRS' view, the improved results demonstrate Amex's success in weathering the current financial crisis and economic downturn while protecting its overall strong franchise.

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