S&P: Macquarie outlook negative

Standard & Poor's said it affirmed the A long-term and A-1 short-term issuer credit ratings on Macquarie Bank Ltd. and A- long-term and A-2 short-term issuer credit ratings on Macquarie Group Ltd., Macquarie Financial Holdings Ltd. and Macquarie International Finance Ltd.

The outlook was revised to negative from stable.

The negative outlook reflects a potential weakening in the Macquarie group's operating and financial flexibility due to heightened dislocation of the global financial markets in recent days, and weakening of investor sentiment, according to the agency.

The affirmations reflect the agency's view that the financial and business fundamentals of the Macquarie group are unlikely to be materially affected by the current dislocation in financial markets, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.