...November 1, 2024 LONDON (S&P Global Ratings) Nov. 1, 2024--S&P Global Ratings today said it assigned its '###-' issue rating to Marex Group PLC's planned $600 million senior unsecured five-year notes issuance. In our view, these notes will help the group diversify its funding base as it pursues an ambitious growth strategy. The planned issuance does not affect our issuer credit ratings on Marex (###-/Stable/A-3) because it is neutral to our view of the company's overall funding profile. Indeed, the new senior unsecured notes improve our view of Marex's funding diversification because it reduces the company's reliance on less-stable structured notes. This issuance is a clear signal of Marex's ongoing growth and the continued widening of its business operations. We think this growth has increased the complexity of the company's risk profile, and increased its funding and liquidity needs¡-a challenge we think the group has managed well thus far. Marex is a global financial services platform...
