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S&P affirms Waddell & Reed Financial

Aug 29, 2019 - SNL Financial

S&P Global Ratings affirmed Waddell & Reed Financial Inc.'s BBB- issuer credit and senior unsecured ratings and A-3 short-term rating.

The outlook remains stable, which reflects Ratings' view that Waddell & Reed Financial will continue to see net outflows over the next 12 to 24 months, while maintaining "very strong" credit protection measures.

Ratings said its assessment of Waddell & Reed Financial takes into account the company's small market position and assets under management co...