CHICAGO--(BUSINESS WIRE)--Fitch Ratings plans to withdraw the ratings on Affiliated Managers Group, Inc. on or about Sept. 8, 2015, for commercial reasons.
Fitch currently rates Affiliated Managers Group Inc. as follows:
Affiliated Managers Group, Inc.
--Long-term Issuer Default Rating (IDR) 'BBB+';
--Senior unsecured notes 'BBB+';
--Senior bank credit facility 'BBB+'.
AMG Capital Trust II
--Trust preferred securities 'BB+'.
The Rating Outlook is Stable.
Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal. Ratings are subject to analytical review and change up to the time Fitch withdraws the ratings.
Fitch's last rating action for the above referenced entities was on June 15, 2015. The ratings were upgraded by one notch with a Stable Outlook.
Additional information is available at 'www.fitchratings.com'.