Moody's affirms CME at Aa3 following announcement of NEX acquisition, outlook stable
Moody's Investors Service (Moody's) today affirmed CME Group Inc.'s (CME) Aa3 long-term ratings and Prime-1 short-term rating, with stable outlook, following CME's announcement that it intends to acquire NEX Group plc (NEX, Baa3 stable) for $5.4 billion. Moody's has decided to withdraw the outl...CME Group is a holding company. Through its subsidiaries, the company exchanges provides a range of global benchmark products across asset classes based on interest rates, equity indexes, foreign exchange (FX), agricultural, energy and metal commodities. The company provides futures and options on futures trading across asset classes through its subsidiary, Chicago Mercantile Exchange Inc. (CME) Globex platform, cash and repo fixed income trading via BrokerTec, and cash and OTC FX trading via EBS. In addition, the company operates central counterparty clearing providers, CME Clearing, a division of CME. The company also provides optimization, reconciliation and processing services through TriOptima, Traiana and Reset.
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