S&P Global Ratings has placed its BBB/A-2 issuer credit ratingsof Janus Capital Group Inc.on CreditWatch with positive implications.
S&P also placed the BBB issue rating on the company's seniorunsecured debt on CreditWatch positive.
The actions come after Janus Capital and Henderson Group Plc agreed to an all-stock to form Janus HendersonGlobal Investors Plc. S&P said the merger should result in a combined companywith stronger business and financial risk profiles than Janus Capital Group as astand-alone entity.
The transaction is expected to improve the company's geographicdiversification and reduce assets under management concentration in equities, therating agency said.