S&P: CME Group view stable

Standard & Poor's said it revised the outlook on CME Group Inc. to stable from negative and affirmed the ratings on the company, including the AA-/A-1+ issuer credit ratings and AA- senior unsecured debt rating.

S&P also affirmed the AA- rating on $612.5 million 4.4% notes due 2018 that CME Group Index Services LLC issued and CME Group Inc. guarantees.

"The revision of our ratings outlook to stable from negative reflects our view that profitability and debt service metrics, which had fallen modestly from lofty heights, should hold steady through the remainder of 2013," S&P credit analyst Charles Rauch said in a news release.

"To be sure, CME Group's profitability and debt service metrics remain strong on an absolute basis and relative to peers."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.