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Macquarie AM sale 'unlikely' to affect group ratings: Fitch Ratings - Financial Newswire
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Macquarie AM sale 'unlikely' to affect group ratings: Fitch Ratings - Financial Newswire
US credit ratings agency, Fitch Ratings, has determined that Macquarie Group Limited’s (MGL’s) ratings are “unlikely” to be impacted by the sale of Macquarie Asset Management’s (MAM’s) North American and European public asset management business to Japanese investment bank, Nomura. The transaction, worth AUD$2.8 billion, is set to be completed by the end of 2025 with the transfer of approximately 30 per cent of MAM’s total assets under managemen…
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