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, Saxo, 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.Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a wholly-owned subsidiary of Saxo Bank A/S, a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, we have expanded our reach to having more than 2500 professionals in financial centers around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.
For more information, please visit: https://www.home.saxo/en-sg
Communications and PR Manager, Singapore & Hong Kong
Mobile: +65 9248 7706
Email: VERL@saxomarkets.com