Today, multi-asset investment specialist Saxo Bank announced that S&P Global Ratings has upgraded the issuer’s long-term credit rating to ‘A-‘ from ‘BBB’.
This credit rating upgrade reflects Saxo Bank’s strengthened financial profile, including its efforts to increase its resolvability and strengthen subordinated debt buffers in line with regulatory requirements for systemically important institutions (SIFIs).
The stable outlook reflects the view that Saxo Bank will continue to maintain solid operating profitability, strong capitalization and effective risk management.
Søren Kyhl, Deputy CEO & COO, commented:
“This rating upgrade from S&P Global Ratings serves as evidence of our unwavering commitment to financial resilience and prudent risk management. We are pleased that our improved credit rating reflects our efforts to further strengthen our financial strength, which is in line with our designation as a Systemically Important Financial Institution (SIFI) last year.
This is of the utmost importance to our ability to provide our growing number of clients and partners with a secure and reliable trading and investment platform.”