Fitch: AllianceBernstein outlook stable

Fitch Ratings said it revised AllianceBernstein LP's outlook to stable from positive and affirmed A+ long-term and F1 short-term issuer default ratings.

The outlook revision reflects earnings pressures in the current market environment, the agency said.

The issuer default ratings are based on the company's well-established institutional and retail asset management businesses, historical cash generation ability and minimal leverage, the agency said.

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