Fitch affirms, withdraws Russell

Fitch Ratings said it affirmed and withdrew Russell Investments Cayman Midco. Ltd., Russell Investments U.S. Institutional Holdco, Inc. and Russell Investments U.S. Retail Holdco, Inc.'s long-term issuer default ratings and senior secured debt ratings at BB.

The ratings were withdrawn by mutual agreement between Fitch and the issuer.

“The affirmations reflect Russell's strong franchise in the multi-asset product space, asset under management diversification, scalable business model, historically strong fund performance relative to benchmarks and peers, and profitability margin expansion as a result of strong cost management,” the agency said in a news release.

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