Moody's upgrades Invesco

Moody's Investors Service said it upgraded Invesco, Ltd.'s senior debt ratings to A2. The company issues the debt through subsidiary Invesco Finance plc. The outlook is stable.

The agency said the upgrade reflects its view that Invesco has broken into the top tier of scale-enabled asset managers.

The A2 rating is based on the company's position as a leading global asset manager with diverse global capabilities, including equity and fixed-income management, exchange-traded funds and alternative products including real estate, private equity funds and liquid alternatives, Moody’s said.

The stable outlook reflects Invesco's strong and growing market share in many of its businesses, the agency added.

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