Standard & Poor's looks favorably on mutual fund distributor T. Rowe Price Group, according to a report from BusinessWeek online. S&P is impressed by its strong competitive advantage, in addition to its robust net customer inflows, cautious expense growth and equity market appreciation.

T. Rowe's conservative investment philosophy and its focus on diversification also drew kudos from the rating firm. S&P also thinks the company's extensive line of no-load mutual funds allows investors to easily reallocate assets among funds. S&P additonally finds that investors are partial to large asset-management companies, like T. Rowe, that have a wide range of product offerings and have steered clear of regulatory issues.

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