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S&P rates Euroclear bond AA-
S&P said it assigned AA- long-term and A-1+ short-term counterparty credit ratings to Euroclear Investments SA.
The outlook is stable.
The agency also said it assigned an AA- rating to Euroclear's proposed €600 million 10-year senior unsecured bond.
S&P also said it affirmed the AA long-term and A-1+ short-term counterparty credit ratings rating on Euroclear Bank SA/NV.
The outlook is stable.
The Euroclear group recently announced that it intends to issue a €600 million 10-year senior unsecured bond to improve financial flexibility, the agency said.
The agency said it understands that the primary rationale for the bond is to boost free cash following increases in subsidiaries' regulatory capital requirements, S&P said.
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