After latest deal, Advisor Group debt is stable but still ‘highly speculative’: Fitch
Fitch Ratings noted that the rating affirmation reflected Advisor Group's "improving scale as one of the largest independent financial advisers in the U.S."
In the wake of the announcement that Advisor Group is buying a large bank-focused broker-dealer, Fitch Ratings on Thursday affirmed the broker-dealer network's issuer rating of debt at B-, meaning "highly speculative" — commonly referred to as junk.
Fitch also reaffirmed the rating outlook for
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