...Ratings Affirmed with Stable Rating Outlook: Bank of New York Mellon Corporation's (BNY Mellon) Long-Term Issuer Default Rating (IDR) of `AA¡' reflects its strong franchise in asset servicing and asset management, conservatively managed balance sheet and strong liquidity position. Leading Franchise Supports Ratings: BNY Mellon's ratings continue to be supported by its leading franchise in global trust and custody and competitive position in the asset management and private wealth management businesses, along with its dominant position in securities clearing. The bank's scale and breadth of product offerings, in businesses that have high barriers to entry, result in strong and sticky client relationships. High Balance Sheet Liquidity: Fitch Ratings views BNY Mellon's low-risk and highly liquid balance sheet as a key rating strength, with about 70% of its assets invested in cash and high- quality securities as of 4Q18. This is a product of BNY Mellon's conservative risk appetite and business...