Moody's affirms State Street's ratings (long-term senior unsecured A1) following acquisition announcement; outlook remains stable
Rating Action: Moody's affirms State Street's ratings following acquisition announcement; outlook remains stable. Global Credit Research- 07 Sep 2021. New York, September 07, 2021-- Moody's Investors Service has affirmed all the ratings and assessments of State Street Corporation and its lead operating subsidiary, State Street Bank and Trust Company, following the announcement that the company has entered into a definitive agreement to acquire Brown Brothers Harriman's...State Street is a financial holding company. Through its subsidiaries, the company provides a range of financial products and services to institutional investors. The company's clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers. The company's Investment Servicing line of business performs custody and related functions, such as providing institutional investors with clearing, settlement and payment services. The company's Investment Management line of business, through State Street Global Advisors, provides a range of investment management strategies and products for its clients.
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