Fitch Ratings affirmed Janus Henderson Group PLC's long-term issuer default rating at BBB+ with a stable outlook, and subsequently withdrew the rating for commercial reasons.

The rating agency said the company has a moderate franchise size in the U.S. and U.K. fund management space, adequate scale, good geographical and product diversification, low leverage, strong liquidity and EBITDA margins. Janus also has strategic benefits from Dai-ichi Life Holdings Inc., which acquired a stake in Janus earlier in 2018.