MUMBAI (Thomson Financial) - Standard & Poor\'s Ratings Services said it has
revised its outlook on Invesco PLC (formerly Amvescap PLC) to stable from
negative, reflecting the agency\'s opinion that the measures to restore Invesco\'s
performance have contributed to stabilise operating profitability.
Nevertheless, the company remains challenged to improve its operating
performance, particularly through top-line revenue growth, as a means of
providing for sustainable performance during the longer term, S&P said.
S&P also affirmed its \'BBB+\' long-term counterparty credit rating on
Invesco.
\"The potential for positive ratings momentum is currently limited given the
challenges -- including recent litigation -- still affecting the company,\" S&P
said.
TFN.newsdesk@thomson.com
jro
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