Standard & Poor's affirms SIX Group's AA- credit rating
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 & Poor's (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 Switzerland's financial market infrastructure operator, its solid balance sheet structure and strong capital base, sound risk management and high level of diversification, which reduces the Group's reliance on the capital market.
Stefan Mäder, CFO SIX Group, commented as follows: "We 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."
About SIX Group AG
SIX Group operates Switzerland's financial market infrastructure and offers on a global scale comprehensive services in the areas of securities trading, clearing and settlement, as well as financial information and payment transactions. The company is owned by its users (150 banks of various size and orientation) and, with its workforce of more than 3,700 employees and presence in 23 countries, generated 2010 an operating income in excess of 1.22 billion Swiss francs. www.six-group.com