S&P affirms Nasdaq OMX

Standard & Poor's said it affirmed the BBB counterparty credit rating on the Nasdaq OMX Group Inc., along with the ratings on its two affiliates, OMX AB and Nasdaq OMX Stockholm AB.

The agency also said it removed all three entities from CreditWatch, where they were placed with negative implications in April.

The outlook is negative.

The removal from CreditWatch negative follows the withdrawal of the company's unsolicited bid to acquire NYSE Euronext. Nasdaq OMX made this decision after it became clear it would not receive regulatory approval for the transaction, S&P said.

The negative outlook reflects concerns about management's increasingly aggressive financial policies, the agency said.

The ratings also reflect the company's ability to generate reasonably healthy earnings from its core businesses, even amid intense competition and volatile markets, S&P said.

Detracting from the ratings is its relatively heavy debt burden negative tangible equity, the agency said.

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