S&P cuts NYSE outlook

Standard & Poor's said it revised its outlook on NYSE Euronext to negative from stable.

At the same time, the agency said it affirmed its ratings on NYSE Euronext, including the A+/A-1 counterparty credit ratings.

"Our decision to revise the outlook to negative from stable is based on NYSE Euronext's shareholder-friendly financial actions at a time when there are increased calls on the firm's fiscal resources," said S&P credit analyst Charles Rauch in a news release.

According to S&P's projections, the company will need to refinance, as opposed to simply pay down, all or part of the $750 million of notes due June 2013.

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