Fitch affirms Lazard

Fitch Ratings said it affirms Lazard Group LLC as follows: long-term issuer default at BBB- and senior debt rating BBB-.

The outlook is stable.

The agency said that Lazard's ratings are based on its improving financial leverage and strong franchise in the merger advisory and restructuring space.

Financial performance was strong in 2007 with market share growth expanding beyond pure volumes, the agency noted.

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