Fitch upgrades American Express to ’A+’ on fee business strength and premium reach

Investing.com -- Fitch Ratings upgraded American Express Company (NYSE:AXP) long-term issuer default rating to 'A+' from 'A', citing the payments giant's affluent customer base, resilient fee-centric earnings model, and robust balance sheet fundamentals. The credit rating agency also raised the viability ratings for both American Express and its primary banking subsidiary, American Express National Bank, to 'a+' with a stable outlook.