Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Sculptor Capital Management, Inc. > News item |
Fitch pulls Sculptor from watch
Fitch Ratings said it removed Sculptor Capital Management, Inc. and its related entities' ratings from rating watch negative and affirmed the long-term issuer default ratings at B+. Fitch also affirmed the company's senior secured debt at BB-/RR3.
“The removal of the negative rating watch reflects the improvements in Sculptor's fund performance and flows and the stabilization of its assets under management (AUM) and management fees since 1Q 2020, which result in improved fee-related EBITDA (FEBITDA) prospects,” Fitch said in a press release.
Fitch also assigned a negative outlook. The outlook reflects the potential for future performance volatility given the market backdrop, the agency said.
© 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.