DBRS confirms AmEx

DBRS said it confirmed the ratings of American Express Co. and its subsidiaries, including its A (high) issuer and long-term debt ratings.

The trend is stable.

DBRS said the action follows American Express' announcement of 2012 first quarter results and DBRS' annual review of the company.

The confirmation reflects the company's strong business franchise, substantial earnings capacity and well-managed liquidity profile, the agency said.

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