S&P rates DRW loan BB-

S&P said it assigned a BB- rating to DRW Holdings LLC and its new $300 million term loan B due 2026.

Proceeds will be used to support the company’s trading and investing business.

“The ratings reflect the firm’s successful diversified, albeit higher risk, principal trading and investing business, which has strong market shares in several major futures and options products,” S&P said in a press release.

The outlook is stable.

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