FRANCE – Fitch AMR, the Paris based ratings firm, has upgraded Crédit Lyonnais Asset Management’s (CLAM) rating to ‘aa’ from the ‘aa-‘ rating that was awarded last October.

The new rating is the third highest in Fitch’s scale of 14 and reflects ‘an excellent level of quality in terms of security and capacity in monitoring the risks linked to asset management business.’

CLAM adds the award to the Levels 1 and 2 AIMR-PPS and GIPS qualification tests it passed that rate the company’s performance presentation methodology.