Fitch upgrades Invesco

Fitch Ratings said it upgraded the long-term issuer default rating of Invesco Ltd. and affiliates to A- from BBB+.

The outlook is stable.

The upgrade reflects the company's improving debt service coverage, moderate leverage, strong franchise and good earnings performance, Fitch said.

The ratings also consider the growing advisory fees resulting from positive fund flows and stronger equity markets, the agency said.

© 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.