SIX sees success with fifth AA- rating
18 December 2014 Zurich
Image: Shutterstock
SIX Group Ltd has received an AA- credit rating from Standard & Poor’s (S&P), while its two securities services providers, SIX SIS Ltd and SIX x-clear Ltd, each received an AA rating.
S&P acknowledged the role that SIX plays as the financial market infrastructure operator in Switzerland, as well as its solid balance sheet and strong capital base.
SIX also boasts high liquidity, good risk management and high level of diversification, meaning that it doesn’t rely on the capital market.
Stefan Mäder, chief financial officer of SIX, said: "We are very proud that S&P has awarded us the high AA- credit rating for the fifth time in a row. The financial strength and compelling strategy of SIX – which in its role as operator of financial market infrastructure plays a significant part in ensuring an attractive Swiss financial centre – were essential factors in this very good rating. That is important not just for us but also for the other participants in the Swiss financial sector."
S&P acknowledged the role that SIX plays as the financial market infrastructure operator in Switzerland, as well as its solid balance sheet and strong capital base.
SIX also boasts high liquidity, good risk management and high level of diversification, meaning that it doesn’t rely on the capital market.
Stefan Mäder, chief financial officer of SIX, said: "We are very proud that S&P has awarded us the high AA- credit rating for the fifth time in a row. The financial strength and compelling strategy of SIX – which in its role as operator of financial market infrastructure plays a significant part in ensuring an attractive Swiss financial centre – were essential factors in this very good rating. That is important not just for us but also for the other participants in the Swiss financial sector."
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