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Published on 2/5/2009 in the Prospect News Investment Grade Daily.

S&P rates CME notes AA

Standard & Poor's said it assigned an AA senior unsecured debt rating to CME Group Inc.'s issuance of $750 million of fixed-rate notes maturing in 2014. The counterparty credit rating on CME Group is AA/A-1+.

The notes will replace the $1.3 billion bridge loan facility, of which $555 million was backing up commercial paper outstanding.

The outlook is stable.

Ratings are based on its leading position for trading, clearing and settling listed futures and options contracts, complemented by the financial strength of its fully owned operating subsidiaries, the agency sadi.

"The ratings take into account the Chicago Mercantile Exchange clearinghouse division's extremely strong financial safeguard system, which, in our view, has proved highly effective during the exchange's 109-year history," S&P analyst Charles Rauch said in a statement.


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