Fitch Affirms EQT's Rating on Market Position, Assets Under Management Base

Fitch Ratings affirmed the A- long-term issuer default rating of EQT (EQT.ST), with a stable outlook, citing the company's market position and assets under management base. In a July 10 note, the rating agency highlighted the Swedish private equity group's position as a global alternative investment manager, fee-related EBITDA margin, and moderate leverage. It said EQT's AUM base is also smaller and less diversified than higher-rated peers.