S&P Global Ratings on July 11 assigned a BBB- issuercredit rating with a stable outlook.
The rating reflects the company's broadly diversified productmix and customer base, solid investment performance and good distributioncapabilities, according to S&P Global Ratings credit analyst Olga Roman.
"OMAM's ownership by Old Mutual Plc, which we view as a financial sponsor,weighs on our assessment of the company's financial risk profile," Romanadded.
The stable outlook reflects S&P's expectation that OMAsset Management will continue to modestly increase its AUM, which totaled $218billion as of the end of March, while maintaining its profitability andoperating with debt to EBITDA below 3x over the next 18 to 24 months.
Moody's assignedthe company a first-time issuer rating of Baa2 with a stable outlook the sameday.
The rating reflectsOM Asset Management's scale among rated asset managers, strategic benefits ofits multi-boutique business model and the diversification of its seasonedaffiliated businesses, Moody's said.
The stable outlookreflects the long-term performance of the company's affiliate managers, theprofit-sharing agreements with its diverse group of boutiques from which itbenefits and its efforts to build marketing and strategic support for itsboutiques.
S&P Ratings and S&P Global Market Intelligenceare owned by S&P Global Inc.