FYI: Even investors that don’t intend to buy the corporate bonds of Fidelity, are likely glad to know that it got an A-plus rating. After all, they may well own Fidelity mutual funds or house their 401k or brokerage account at the firm.
At the end of March, Fidelity administered more than $5 trillion assets in its accounts and was managing $2.1 trillion in assets, according to Fitch Ratings, which announced it is giving privately-held FMR, Fidelity’s corporate moniker, the A-plus credit rating on Friday. This is a few notches down from Fitch’s top ratings of triple-A and double-A.
Regards,
Ted
http://blogs.barrons.com/incomeinvesting/2015/07/10/fidelity-gets-an-a-plus/tab/print/
