Fitch affirms AmEx

Fitch Ratings said it has affirmed American Express Co.'s long-term issuer default rating at A+ and short-term issuer default rating at F1.

The outlook is stable.

According to the agency, the ratings affirmation reflects the company's strong franchise, spend-centric business model, market position in the payments industry, solid asset quality, consistent profitability, diverse funding base, ample liquidity and strong risk-adjusted capitalization.

Fitch noted that ratings are constrained by limited revenue diversity and heightened legislative scrutiny of consumer products.

© 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.