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S&P rates CME Group notes AA-
Standard & Poor’s said it assigned an AA- rating on CME Group Inc.’s proposed $750 million senior unsecured notes due in 2025.
The long-term issuer credit rating on CME Group is AA- with a stable outlook.
The proceeds will be used to retire all $612.5 million of the outstanding 4.4% senior notes due in 2018 issued by CME Group Index Services LLC.
It will use the balance for general corporate purposes, S&P said.
The company’s pro forma debt-to-EBITDA ratio was about 1.2x as of Dec. 31, the agency said.
The ratings reflect the company’s strong business risk profile and minimal financial risk profile, S&P said.
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