S&P changes London Stock Exchange view

S&P said it revised its outlooks on London Stock Exchange Group plc, LCH Ltd. and Banque Centrale de Compensation SA (LCH SA) to positive from stable.

At the same time, the agency affirmed the A-/A-2 long- and short-term issuer credit ratings on London Stock Exchange and the A+/A-1 issuer credit ratings on LCH Ltd. and LCH SA.

In addition, S&P affirmed the A- issue ratings on London Stock Exchange’s long-term senior unsecured debt and the A-2 short-term issue rating on its euro commercial paper program.

The agency said the revision reflects a view that London Stock Exchange’s creditworthiness is benefiting from its diversification into fast-growing market segments.

“Through acquisitions, it has established strong market positions in clearing, indices and data services, and these businesses are growing revenues strongly on the back of favorable regulatory and structural changes,” S&P said in a news release.

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