...Business Profile Drives Ratings: Rothschild & Co Martin Maurel's (RMM) and N. M. Rothschild & Sons Limited's (NMR) ratings are supported by Rothschild & Co S.C.A.'s (RCO) strong franchise in financial advisory in Europe, and sound and steadily growing wealth and asset management activities, which support the business model's resilience. The group's risk profile is conservative, and its asset quality is sound. The ratings also factor in sound profitability, strong capitalisation and sound funding. Group Ratings Approach: Fitch Ratings assigns group ratings to RMM and NMR. RMM, which operates with a banking licence, and NMR are two of the main operating companies of RCO, a leading financial advisory group with material wealth and asset management activities, headquartered in France. The group ratings reflect Fitch's recognition that RCO operates as an integrated, centrally managed group with high capital and funding fungibility. Resilient, Diversified Business Model: RMM and NMR's business...
