On Thursday, Fitch Ratings affirmed the long and short-term Issuer Default Rating (IDR) of American Express Co. (NYSE:AXP) or AmEx and its subsidiaries at “A+” and “F1,” respectively, with a stable outlook.
The affirmation of ratings was based on AmEx’s stable operating results, strong market position, high quality assets and diversified financial sources. Sturdy capitalization, high liquidity and franchise strength also played a role, but the lack of diversity in revenue sources and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards