S&P: American Express unchanged

Standard & Poor's said it ratings on American Express Co. (BBB+/stable/A-2) are unaffected by the company's improved first-quarter results.

The agency said American Express' performance, which represented the third quarterly improvement in the bottom line, also reflected the wider trends S&P sees in the consumer credit business.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.