Fitch Upgrades Schroders After Nuveen Deal, Resolves Rating Watch

02:04 AM EDT, 10/02/2026 (MT Newswires) -- Fitch Ratings on Thursday upgraded Schroders' (SDR.L) long- and short-term issuer default ratings and resolved the rating watch positive following its acquisition by investment manager Nuveen. The British asset manager's long-term rating was upgraded to AA- from A+ and the short-term rating was raised to F1+ from F1. The outlook on the ratings is stable. The rating agency expects Schroders to benefit from Nuveen's support as it will be a "material part" of the global asset management firm's investment management franchise. Schroders is also expected to receive support from Nuveen's parent entity, Teachers Insurance and Annuity Association of America.