S&P pulls London Stock Exchange from watch

S&P said it affirmed London Stock Exchange Group plc’s A issuer rating, removed the ratings from CreditWatch with negative implications and assigned a negative outlook.

London Stock Exchange completed its acquisition of Refinitiv and will sell its entire shareholding in Borsa Italiana Group, currently contracted to Euronext NV, for €4.325 billion.

“The negative outlook acknowledges the ambitious synergy program and mixed growth prospects in the acquired businesses, as well as risks to the successful integration of Refinitiv and LSEG's plans to reduce leverage,” S&P said in a press release.

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