National Securities Clearing Corp.'s Proposed $4 Billion Commercial Paper Rated 'A-1+', $1 Billion Notes Rated 'AA+'

National Securities Clearing Corp. is planning to issue $4 billion of commercial paper and $1 billion of extendible notes to facilitate the settlement of transactions in the event of a clearing member default. We are assigning our 'A-1+' rating to the company's commercial paper and our 'AA+' rating to the extendible notes. We have also affirmed our 'AA+'/'A-1+' issuer credit ratings on the company. The outlook remains stable, reflecting our expectations that National Securities and Clearing Corp.'s financial safeguards will continue to provide substantial protection against member default. NEW YORK (Standard&Poor's) May 26, 2015--Standard&Poor's Ratings Services said today it assigned its 'A-1+' issue credit rating to National Securities Clearing Corp.'s (NSCC) proposed $4 billion of commercial

...+ National Securities Clearing Corp. is planning to issue $4 billion of commercial paper and $1 billion of extendible notes to facilitate the settlement of transactions in the event of a clearing member default. + We are assigning our 'A-1+' rating to the company's commercial paper and our '##+' rating to the extendible notes. + We have also affirmed our '##+'/'A-1+' issuer credit ratings on the company. + The outlook remains stable, reflecting our expectations that National Securities and Clearing Corp.'s financial safeguards will continue to provide substantial protection against member default. NEW YORK (Standard & Poor's) May 26, 2015--Standard & Poor's Ratings Services said today it assigned its 'A-1+' issue credit rating to National Securities Clearing Corp.'s (NSCC) proposed $4 billion of commercial paper and its '##+' rating to the company's $1 billion of extendible notes. At the same time, we affirmed our '##+/A-1+' long- and short-term issuer credit ratings on the company. The...

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