Moody’s Affirms A1 Senior Rating for Fidelity

Moody’s Investors Service has affirmed the long-term A1 senior unsecured debt rating for FMR, parent company of Fidelity Investments. Moody’s said that the broad offerings of FMR—including mutual funds, particularly fixed income and money market funds; brokerage services; and benefits administration—and its strong leadership position in each of these industries, should help it weather the economic meltdown.

In particular, Moody’s noted, Fidelity’s share of equity assets under management is an impressive 14%.