TMX Group Announces Revised Trends on Morningstar DBRS Credit Ratings
TMX Group announced that Morningstar DBRS has revised its credit rating trends from Negative to Stable, while confirming its Long-Term Issuer Rating and Senior Unsecured Debt credit rating at AA (low) and Commercial Paper credit rating at R-1 (middle).
The trend revision follows TMX Group's successful deleveraging efforts after its January 2024 acquisition of VettaFi Holdings (TMX VettaFi).
TMX Group ha annunciato che Morningstar DBRS ha rivisto le sue prospettive di rating creditizio da Negative a Stabile, confermando nel contempo il suo Long-Term Issuer Rating e il rating del debito non garantito senior a AA (basso) e il rating del Commercial Paper a R-1 (medio).
La revisione della tendenza segue i successi di TMX Group nei suoi sforzi di riduzione del debito dopo l'acquisizione di VettaFi Holdings (TMX VettaFi) avvenuta a gennaio 2024.
TMX Group anunció que Morningstar DBRS ha revisado sus tendencias de calificación crediticia de Negativa a Estable, mientras confirma su Calificación de Emisor a Largo Plazo y la calificación de deuda senior no garantizada en AA (bajo) y la calificación de Papel Comercial en R-1 (medio).
La revisión de la tendencia sigue los exitosos esfuerzos de desapalancamiento de TMX Group tras su adquisición de VettaFi Holdings (TMX VettaFi) en enero de 2024.
TMX 그룹은 Morningstar DBRS가 신용 등급 추세를 부정적에서 안정적으로 수정했다고 발표했으며, 장기 발행자 등급과 선순위 무담보 채무 신용 등급을 AA (낮음)으로, 상업 어음 신용 등급을 R-1 (중간)으로 확인했습니다.
이 추세 수정은 TMX 그룹이 2024년 1월에 VettaFi Holdings (TMX VettaFi)를 인수한 후 성공적인 부채 축소 노력을 기울인 결과입니다.
TMX Group a annoncé que Morningstar DBRS a révisé ses tendances de notation de crédit de Négatif à Stable, tout en confirmant sa note d'émetteur à long terme et la notation de la dette senior non garantie à AA (bas) et la notation des billets de trésorerie à R-1 (moyen).
La révision de la tendance fait suite aux efforts de désendettement réussis de TMX Group après son acquisition de VettaFi Holdings (TMX VettaFi) en janvier 2024.
TMX Group gab bekannt, dass Morningstar DBRS seine Kreditrating-Trends von Negativ auf Stabil geändert hat, während das langfristige Emittentenrating und das Rating der nicht besicherten Senior-Anleihen mit AA (niedrig) sowie das Rating für Commercial Paper mit R-1 (mittel) bestätigt wurden.
Die Überarbeitung des Trends folgt den erfolgreichen Entschuldungsmaßnahmen der TMX Group nach der Übernahme von VettaFi Holdings (TMX VettaFi) im Januar 2024.
- Credit rating trend improved from Negative to Stable
- Successful deleveraging post VettaFi acquisition
- Maintained strong credit ratings: AA (low) for long-term debt and R-1 (middle) for Commercial Paper
- None.
Morningstar DBRS has revised all credit rating trends on TMX Group to Stable from Negative, confirms rating of AA (low) and R-1 (middle)
Toronto, Ontario--(Newsfile Corp. - March 4, 2025) - TMX Group Limited (TMX Group) today announced that DBRS Limited (Morningstar DBRS) has revised the trend on all credit ratings of TMX Group to Stable from Negative as a result of the progress made in deleveraging following the January 2024 acquisition of VettaFi Holdings LLC (TMX VettaFi). Morningstar DBRS also confirmed the Long-Term Issuer Rating and the Senior Unsecured Debt credit rating of TMX at AA (low), as well as its Commercial Paper (CP) credit rating at R-1 (middle).
For more information, including key credit rating considerations, drivers, and rationale, please see DBRS press release.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the TMX Group debentures or any other securities of TMX Group in any jurisdiction, and is not an offer for sale within the United States of any securities of TMX Group. Securities of TMX Group, including any debt securities, may not be offered or sold in the United States absent registration under U.S. securities laws or unless exempt from registration under such laws.
About TMX Group (TSX: X)
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.
For more information please contact:
Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243282
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