NEW YORK--(BUSINESS WIRE)--Fitch Ratings has today upgraded American Express Company's (AXP) $750 million Legacy Tier 2 subordinated notes issued September 2006 to 'BBB+' from 'BBB'. KEY RATING DRIVERS The upgrade reflects Fitch's reduced view of non-performance risk associated with the instrument, resulting in AXP's subordinated debt rating being three notches below the entity's Viability Rating (VR) of 'a+'. The notching of hybrid instruments is applied in accordance with Fitch's assessment o
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