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Moody's affirms rating on AllianceBernstein

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Moody's affirms rating on AllianceBernstein

Moody's on March 30 affirmed the A-2 long-term issuer ratingof AllianceBernstein LP,with a stable outlook.

Moody's said the affirmation reflects AllianceBernstein's largeand diversified investment franchise, broad global distribution platform and strongbalance sheet. The affirmation also reflects steady improvement in the company'soperating fundamentals over the past two years, the rating agency said.

The company's improved investment performance in recent yearsis expected to drive continued gradual improvement in operating results. The companyis expected to add new products and focus on expense control amid increasingly challengingmarket conditions, Moody's said.