Media reports in recent weeks have said that Lehman may look to sell its asset management business, most recently a CNBC report on Friday.
Asset management businesses generate relatively steady earnings for investment banks. Those steady earnings are a positive for credit ratings that are based in part on how likely a company is to generate the cash flow to pay its debt.
In the case of Lehman, its asset management business is relatively small.
"They've done very well with the business, but it's not of sufficient size or scale to offset volatility for the rest of the business," said Eileen Fahey, analyst at Fitch.
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