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Research Update: Sweden-Based OMX AB 'BBB+/A-2' Ratings Affirmed And Then Withdrawn At The Company's Request Aug 12
Standard & Poors, August 2012
On Aug. 1, 2012, Standard & Poor's Ratings Services affirmed its 'BBB+/A-2' long-term and short-term counterparty credit ratings on Swedish-based OMX AB, owner of various stock exchanges in the Nordic markets, including NASDAQ OMX Stockholm AB (A+/Stable/A-1), the Swedish stock exchange and leading clearing house for derivatives and commodities in the Nordic markets. Subsequently, we withdrew our ratings on OMX AB at the company's request. At the time of withdrawal, the outlook was stable. We consider OMX AB to be a "core" operating subsidiary of The NASDAQ OMX Group Inc. (BBB/Stable/--) under our criteria. Consequently, at the time of withdrawal, we rated OMX AB in line with our assessment of NASDAQ OMX Group's group credit profile (GCP) at 'bbb+'. We...
Companies mentioned in this report are: OMX AB
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.