(Repeat for additional subscribers)
May 6 (The following statement was released by the rating agency)
Fitch Ratings has updated its Global Asset Manager Rating Criteria as part of its periodic
criteria review process.
Fitch's Asset Manager Rating methodology is designed to systematically capture,
evaluate and report on the key attributes of an investment manager's operational
and investment platform by focusing on five key areas: 1) Company, 2) Controls,
3) Investments, 4) Operations, and 5) Technology.
Asset Manager Ratings are assigned on a five-point descriptive scale ranging
from 'Highest Standards' to 'Inadequate'. The top three ratings - 'Highest
Standard', 'High Standards', and 'Good Standards' - are expected to apply to
those asset managers that meet or exceed the standards typically applied by
The updated report does not include any material changes to the agency's ratings
approach and as a result, there is no impact on existing ratings.
The criteria report is available at www.fitchratings.com or by clicking on the
Link to Fitch Ratings' Report: Asset Manager Rating Criteria