S&P rates Euroclear bonds AA, AA-

S&P said it affirmed its AA/A-1+ issuer credit ratings on Euroclear Bank SA/NV and AA-/A-1+ issuer credit ratings on Euroclear Investments SA.

The outlook is stable.

At the same time, the agency assigned its AA issue credit rating to Euroclear Bank's proposed senior unsecured bonds under its euro medium-term note program, and AA- issue credit rating to the proposed senior nonpreferred bonds under the program.

“In our view, increasing available liquidity at the bank through the issuance of long-term bonds will help Euroclear Bank satisfy those requirements without introducing significant refinancing risk,” S&P said in a news release.

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