Wednesday February 12 2014

News Source: Global Exchanges

Focus: Credit Rating

Type: General




ASX has obtained credit ratings from Standard & Poor’s (S&P), confirming the financial strength of the Group and its commitment to providing Australian investors with a world-class financial market infrastructure.
S&P assigned a long-term rating of AA- to both ASX Limited, the listed entity, and

ASX Clear (Futures), the derivatives clearing house, and a short-term rating of A1+. The rating outlooks on the long-term ratings of both companies are stable.
ASX Clear (Futures) has been rated separately because of the critical financial market infrastructure it provides for Australian investors, clearing both exchange-traded derivatives and over-the-counter (OTC) interest rate derivatives.

The credit rating satisfies the mandates of prospective customers of ASX’s OTC Derivatives Clearing Service, which might require the counterparties with which they deal to be formally rated. The first phase of the OTC clearing service was launched in 2013, with the full service being available by mid-2014.

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