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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.
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