S&P revises Noah Holdings view to negative

S&P said it revised its outlook on Noah Holdings Ltd. to negative from stable and affirmed the BBB- long-term issuer credit rating.

“The negative outlook reflects our view that Noah's assets under management (AUM) and associated fee income could be lower over the next 12-24 months than our previous expectation. The negative outlook also reflects heightened litigation risks,” S&P said in a news release.

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