Fitch Upgrades American Express Credit Rating to A+

Key Facts

Fitch Ratings upgraded American Express's credit rating to A+. Investing.com reported that the upgrade is attributed to the sustained strength of the company's fee-based business model, which supports its long-term issuer default rating.

The rating agency linked the decision to the resilience of the company's fee-generating revenue streams compared to its industry peers. This credit improvement for the financial institution typically serves to lower borrowing costs and bolster investor sentiment regarding the firm's business profile.