Fitch cuts Invesco outlook to negative on $1.5B preferred redemption

Investing.com -- Fitch Ratings revised its outlook on Invesco Plc (NYSE:IVZ) to negative from stable on Tuesday, warning that consecutive debt-funded preferred stock redemptions are exerting sustained pressure on the asset manager’s balance sheet leverage. The agency concurrently affirmed Invesco’s Long-Term Issuer Default Rating and senior unsecured debt at ‘A’, alongside its preferred stock at ‘BBB+’.