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Affiliated Managers Group Inc. Outlook Revised To Stable From Negative; 'BBB-' Rating Affirmed Jun 11
Standard & Poors, June 2011
Abstract
Affiliated Managers Group Inc.'s (AMG) fundamental operations and financial performance have improved during the past 12 months. We have revised the outlook to stable from negative and affirmed our ratings on AMG. We expect AMG to continue to invest in new affiliates, but employ less debt leverage than in the recent past. NEW YORK (Standard & Poor's) June 9, 2011--Standard & Poor's Ratings Services said today that it affirmed its ratings on Affiliated Managers Group Inc. including its 'BBB-' long-term counterparty credit rating. At the same time, we revised the outlook to stable from negative. The outlook revision reflects the improvements in AMG's fundamental operations and financial performance. In terms of its fundamental operations, the company has enjoyed four consecutive...
Companies mentioned in this report are: Affiliated Managers Group, Inc.,AMG Capital Trust I,AMG Capital Trust II
Action: Affirmed
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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