Moody's affirms AllianceBernstein

Moody's Investors Service said it affirmed the A1 senior unsecured debt rating and Prime-1 short-term rating for AllianceBernstein LP after the company increased its commercial paper facility to $1 billion from $800 million.

AllianceBernstein increased the facility for general corporate purposes, including supporting periodic liquidity demands arising from the company's long-standing practice of providing its brokerage clients with one-day access to funds after security sales, the agency noted.

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