Saxo receives credit rating upgrade from S&P Global Ratings

Today, Saxo announces that S&P Global Ratings has upgraded its long-term issuer credit rating to 'A-' from 'BBB'. This credit rating upgrade reflects Saxo’s strengthened financial profile, including its efforts to increase its resolvability and enhance its subordinated debt buffers in alignment with regulatory requirements for systemically important institutions (SIFIs). 

The stable outlook reflects the view that Saxo will continue to maintain its solid operating profitability, robust capitalisation, and effective risk management.

Søren Kyhl, Deputy CEO & COO, commented:

"This rating upgrade by S&P Global Ratings serves as a testament to our unwavering commitment to financial resilience and prudent risk management. We are pleased that our enhanced credit rating reflects our efforts to further bolster our financial robustness, which is in alignment with our designation as a Systemically Important Financial Institution (SIFI) last year."

This is paramount to our ability to provide our growing number of clients and partners with a secure and reliable trading and investment platform."

See the full rating report from S&P Global Ratings on our investor relations page