Moody's affirms Invesco

Moody's Investors Service said it affirmed the A3 senior debt rating of Invesco Holding Co. Ltd., a wholly owned subsidiary of Invesco Ltd.

The outlook is stable.

The agency said the affirmation is in response to several strong steps taken by the company to ensure that it has ample capital to meet near-term maturing obligations and that financial covenants are comfortably met.

Invesco raised $460 million in common equity and completed a tender offer for $100 million of its senior unsecured notes in May, and Moody's said a more significant paydown of notes due in December is expected.

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