Fitch affirms CME Group

Fitch Ratings said it affirmed CME Group, Inc.'s long-term issuer default rating at AA- and short-term issuer default rating at F1+. The outlook is stable.

“The CME Group's ratings continue to reflect its very strong market positions in global exchange-traded derivative (ETD) trading and clearing services, exceptionally strong and stable profitability margins, experienced management team, moderate risk appetite and generally limited use of leverage,” the agency said in a news release.

“Ratings are also supported by strong execution against stated financial targets in the acquisition of NEX Group plc, including the progress on cost synergies and deleveraging. ratings are somewhat constrained by the company's modest product offering outside of ETDs, limited, but improving geographic diversification and higher reliance than peers on volume-based trading and clearing revenue.”

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