LCH Clearnet has had its outlook downgraded to negative from stable by ratings agency, Standard & Poor’s.
The clearinghouse’s ratings were simultaneously affirmed with its long term ‘AA-’ and ‘A-1+’ short-term ratings on the company noted by S&P.
The downgrade was due to LCH Clearnet’s precarious market position in light of the emergence of ICE Clear and Liffe Clear.
“The outlook revision reflects the heightened business uncertainty that LCH Clearnet faces...