SGX achieves milestone Aa2 rating
The rating is the highest given to any exchange group by the investor service.
Singapore Exchange (SGX) reported today it has obtained an Aa2 rating from Moody’s, a first for any exchange group.
Factors that Moody’s brought into light with their decision include SGX’s importance to the financial sector, solid credit fundamentals, high profitability, and SGX's reliable governance framework.
Loh Boon Chye, CEO of SGX, agrees that this rating is an affirmation of their current market position.
“The Aa2 rating affirms SGX’s strong market position in the securities and derivatives markets, as well as our ability to generate solid and growing profits. The strong investment grade rating also reflects the financially-disciplined approach SGX has taken and will continue to take as we scale up our multi-asset business.”
Moody’s also keeps a positive outlook for SGX, as they believe that this positive classification can continue well into 2021-2022.
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