For the second time since 2010, SIX Group, the internationally active provider of financial market infrastructure and services, has commissioned well-known rating agency, Standard & Poorâs (S&P), to rate the entire enterprise as well as evaluate SIX Group's individual subsidiary companies.
Once again, S&P awarded its AA- credit rating to SIX Group. Group companies, SIX SIS Ltd and SIX x-clear Ltd, which provide securities services and are regulated as banks, were each reassigned an AA rating.
In its rationale, S&P highlighted SIX Group's pivotal role as Switzerlandâs financial market infrastructure operator, its solid balance sheet structure and strong capital base, sound risk management and high level of diversification, which reduces the Groupâs reliance on the capital market.
Stefan MÃ¤der, CFO SIX Group, commented as follows: âWe are extremely proud that S&P has affirmed our high rating in such a tough economic climate. This high rating is not just important to us as the backbone of the Swiss financial marketplace, but to market players as well."