Moody’s revises FIL view to stable

Moody's Investors Service said it changed the outlook of FIL Ltd. to stable from positive and affirmed its Baa1 senior unsecured debt rating.

The outlook was changed to stable as Moody's believes that, in the current market environment, market share gains in the company's core businesses will take longer to materialize than originally envisioned.

While FIL has taken a number of strategic steps to better position the company for long term growth, the financial and business impact of these initiatives will take some time to be realized within an increasingly competitive market, the agency said.

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