S&P revises Marex Spectron view to negative

S&P said it revised its outlook to negative from stable on Marex Spectron Group Ltd. (Marex) and the group's main operating holding company, Marex Financial Ltd.

At the same time, S&P said it affirmed its BBB- long-term and A-3 short-term issuer credit ratings on Marex and the BBB long-term and A-2 short-term issuer credit ratings on Marex Financial.

“The outlook revision to negative reflects our view that following Marex's recent mergers and acquisitions activity and an increase in the group's risk appetite across its market making and solutions business lines, its historical strengths are under pressure at the current rating. This follows an evolution of the business over the past six to 12 months,” S&P said in a news release.

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