Fitch Rates AMVESCAP PLC's $300MM Proposed Sr. Debt Issuance 'BBB+'

Business Wire, April 11, 2007

CHICAGO -- Fitch Ratings has assigned a `BBB ' long-term rating to senior debt to be issued by AMVESCAP PLC (NYSE: AVZ). The Rating Outlook is Stable.

AVZ is issuing $300 million of fixed-rate senior debt maturing in April 2012. Proceeds will be used to replace existing debt, so that this issuance will not increase overall debt levels.

AMVESCAP's ratings are based on the company's medium tier mutual fund and institutional asset management franchise, good distribution network and its sufficient cash generation ability. AMVESCAP's recent financial performance has benefited from improved levels of assets under management due to strength in equities markets performance and better investment performance. In Fitch's view the current degree of leverage is manageable in light of AMVESCAP's improved earnings profile.

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