Research Update: CBOE Holdings, Inc. ?BBB+? Rating Affirmed on $650 million Senior Notes Issuance; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: CBOE Holdings, Inc. ?BBB+? Rating Affirmed on $650 million Senior Notes Issuance; Outlook Stable

Research Update: CBOE Holdings, Inc. ?BBB+? Rating Affirmed on $650 million Senior Notes Issuance; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: CBOE Holdings, Inc. ?BBB+? Rating Affirmed on $650 million Senior Notes Issuance; Outlook Stable
Published Jan 10, 2017
5 pages (1721 words) — Published Jan 10, 2017
Price US$ 225.00  |  Buy this Report Now

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Abstract:

CBOE Holdings, Inc. (CBOE) priced $650 million of senior notes on January 09, 2017, in anticipation of the Bats acquisition. We are affirming our 'BBB+' long-term issuer credit rating on CBOE. The stable outlook reflects our expectation that the CBOE`s creditworthiness will remain largely stable after the Bats acquisition, as the risk from additional leverage are offset by the stronger business profile of the combined firms. On Jan. 10, 2017 – S&P Global Ratings affirmed its 'BBB+' long-term issuer credit rating on CBOE Holdings, Inc. (CBOE). At the same time, we assigned a 'BBB+' issue rating to the $650 million senior notes due 2027. CBOE announced on January 9, 2017 the pricing of $650 million of senior notes, in anticipation

  
Brief Excerpt:

...CBOE Holdings, Inc. (CBOE) priced $650 million of senior notes on January 09, 2017, in anticipation of the Bats acquisition....

  
Report Type:

Research Update

Ticker
CBOE
Issuer
Sector
Global Issuers
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Research Update: CBOE Holdings, Inc. ?BBB+? Rating Affirmed on $650 million Senior Notes Issuance; Outlook Stable" Jan 10, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CBOE-Holdings-Inc-BBB-Rating-Affirmed-on-650-million-Senior-Notes-Issuance-Outlook-Stable-1782231>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: CBOE Holdings, Inc. ?BBB+? Rating Affirmed on $650 million Senior Notes Issuance; Outlook Stable Jan 10, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-CBOE-Holdings-Inc-BBB-Rating-Affirmed-on-650-million-Senior-Notes-Issuance-Outlook-Stable-1782231>
  
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