Moody's: Mondrian view positive

Moody's Investors Service said it affirmed the Ba2 corporate family rating of Mondrian Investment Partners and revised the outlook to positive from stable.

Moody's said the outlook change reflects Mondrian's improving credit fundamentals and financial flexibility, which resulted from the acceleration of debt repayments made during the fiscal year 2011.

Mondrian's rating and outlook also reflect the continued stability of revenues and lower volatility of the firm's business profile due to its value-oriented, international investment focus relative to other asset managers, the agency said.

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