Moody's changes FMR to stable

Moody's Investors Service said it affirmed the A2 senior unsecured debt rating of FMR LLC and revised the outlook to stable from negative.

Moody's said the outlook change reflects stabilization of the company's market share and net flows in long-term mutual fund assets under management and reduced pressure on its key financial metrics.

"The outlook change reflects the improved relative investment performance of Fidelity's key equity funds, which we believe has contributed to the stabilization of share/flows," Moody's vice president Dagmar Silva said in a news release.

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