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Moody's Places Janus Henderson's Ratings on Review for Downgrade After Acquisition Offer

BY MT Newswires | CORPORATE | 12/29/25 09:40 AM EST

09:40 AM EST, 12/29/2025 (MT Newswires) -- Moody's (MCO) Moody's Ratings said Monday it placed Janus Henderson Group's (JHG) Baa2 long-term issuer rating and Janus Henderson US' Baa2 backed senior unsecured debt ratings on a review for downgrade status following the $7.4 billion acquisition offer of Trian Fund Management and General Catalyst.

Previous outlooks on Janus Henderson (JHG) were positive, according to the ratings agency.

The agency said the proposed acquisition is expected to be financed with equity and debt, which may be "credit negative" if leverage rises.

Additionally, the ratings agency said concentrated private ownership is normally riskier than public ownership.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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