Moody's Affirms Fidelity A1 Senior Rating

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%.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.