Fitch rates Russell Investments BB

Fitch Ratings said it assigned a final long-term issuer default and senior secured ratings of BB to Russell Investments US Institutional Holdco, Inc. and Russell Investments US Retail Holdco, Inc.

Fitch also said it assigned a final long-term issuer default rating of BB to Emerald Acquisition Ltd., the holding company for the combined organization collectively referred to as Russell Investments.

The outlook is stable.

The ratings were assigned following the separation of Russell Investments from the London Stock Exchange Group and the execution of the secured funding facilities, which were completed in a manner consistent with expectations, Fitch explained.

The final ratings reflect the company's strong franchise, asset under management diversification across geographies and product sets, scalable business model and demonstrated track record of delivering strong fund performance relative to benchmarks, the agency said.

Additional strengths include the company's experienced management team and a well-articulated and reasonably achievable long-term operating strategy, Fitch said.

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