Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for Waddell & Reed Financial, Inc. > News item |
S&P lifts Waddell & Reed
Standard & Poor's said it raised its ratings on Waddell & Reed Financial Inc., including raising the long-term counterparty credit rating to BBB+ from BBB.
The outlook is stable.
"The upgrade of Waddell & Reed is based on its opinion that the company's financial profile has sustained improvement, as measured by its strong interest coverage, modest debt leverage, and adequate liquidity," said credit analyst Robert B. Hoban, Jr.
The agency added that Waddell & Reed's diversified and strong distribution also supports the higher rating.
© 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.