S&P Global Ratings revised its outlook on Franklin Resources Inc. to stable from negative and affirmed the A+ long-term and A-1+ short-term issuer credit ratings.
The outlook revision follows the company's announcement that it will repay its $350 million unsecured notes due in May 2020 in May, the second repayment in the last 12 months following the maturity of $300 million senior unsecured notes due in September 2017.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.