DBRS confirms TMX Group

DBRS, Inc. said it confirmed the issuer rating and senior unsecured debt rating of TMX Group Ltd. at A (high) and the group’s commercial paper rating at R-1 (low). The trend on all ratings is stable.

These rating confirmations follow TMX’s announced acquisition of Trayport Holdings Ltd., the primary connectivity network and data and analytics platform for European wholesale energy markets.

In conjunction with the acquisition of Trayport, TMX has agreed to sell Natural Gas Exchange Inc. and Shorcan Energy Brokers Inc. to Intercontinental Exchange Inc.

“In confirming the ratings, DBRS recognizes the strategic rationale for the acquisition of Trayport, which will enhance TMX’s data and analytics offering, increase its global presence and grow its recurring revenue streams,” DBRS said in a news release.

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