Monday January 9 2017
News Source: Global Exchanges
Focus: Credit Rating
Type: General
Country: International
Link: http://www.clearstream.com/clearstream-en/newsroom/170106/86136
Standard & Poor`s Rating Services (S&P) affirmed Clearstream Banking`s (CBL) Counterparty Credit Rating (CCR) at ‘AA’ with Stable Outlook.
This recent review mirrors the bank’s leading role in the international financial markets as an International Central Securities Depository. Clearstream’s strong business risk profile in general and the fact that it applies a very prudent liquidity management reflects its position in the top tier of global CSD operators. Equally positive acclaim was attributed to CBL’s role as a prominent player in collateral optimisation, enabling customers to meet ever-growing clearing house requirements for margin collateral efficiently and effectively.
The ratings are as follows:
- Long-term CCR: affirmed at `AA`; Outlook Stable
- Short-term CCR: affirmed at `A-1+`
Click on the link above for further details.