SGX Obtains Long-Term Aa2 Rating from Moody’s

Singapore Exchange (SGX) announced that it has received Aa2 long-term local and foreign currency issuer ratings from Moody's Investors Service (Moody's), a leading provider of credit ratings, research, and risk analysis.

The ratings are two notches higher than SGX's standalone assessment of A1 as a result of uplift due to the high probability of public support from the Government of Singapore. The Aa2 rating is the highest credit rating assigned to any exchange group by Moody's.

According to the announcement, the Aa2 ratings are underpinned by SGX's strong market positions in the domestic and regional securities and derivatives markets, adequate scale, high and stable profitability, and low financial leverage.

​In June​, the exchange saw a jump in the derivatives total traded volume as the contracts increased 5% on a month-to-month basis to 18.9 million, the highest in three months.

“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,”Mr Loh Boon Chye, Chief Executive Officer of SGX commented.