OREANDA-NEWS. January 19, 2016. Fitch Ratings has affirmed Fabrica Immobiliare SGR's (Fabrica) Asset Manager Rating at 'Good Standards' and simultaneously withdrawn the rating.

KEY RATING DRIVERS
The affirmation is driven by the broad stability at Fabrica since the last rating action in September 2015. Assets under management have shown a modest increase and the total number of staff has also grown slightly since end-2014, despite ongoing staff turnover.

The rating is being withdrawn for commercial reasons. Fitch will no longer maintain ratings or provide analytical coverage on Fabrica.

RATING SENSITIVITIES
Not applicable