Asset Management

Fitch turns negative on Russell Investments

A slated $200 million debt issuance has Fitch analysts concerned for the parent company's strategy

Fitch turns negative on Russell Investments

The ratings agency Fitch now has a negative outlook on Russell Investments following a reversal of its private equity owner’s plan to deleverage the business.

In a February 9 statement, Fitch said a planned issuance of $200 million secured debt by Russell Investments was contrary to what had been said by TA Associates when it bought the fund manager in October 2015.

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