Research Update: Hudson River Trading Upgraded To 'BB' On Improved Capital Position And Reduced Structural Subordination; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Hudson River Trading Upgraded To 'BB' On Improved Capital Position And Reduced Structural Subordination; Outlook Stable

Research Update: Hudson River Trading Upgraded To 'BB' On Improved Capital Position And Reduced Structural Subordination; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Hudson River Trading Upgraded To 'BB' On Improved Capital Position And Reduced Structural Subordination; Outlook Stable
Published Dec 13, 2024
5 pages (2276 words) — Published Dec 13, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Over the past 12 months, Hudson River Trading (HRT) has sustained high capitalization levels, owing to strong earnings. Given the liquidity held at the holding company and considerable cash flows from subsidiaries that are free of regulatory capital restrictions, the group holding company's capacity to service its debt has strengthened. As a result, we raised our issuer credit and issue ratings on HRT and its secured debt to 'BB' from 'BB-'. The stable outlook indicates our expectation that HRT will maintain its solid operational performance, strong capitalization, and supportive liquidity as it continues to expand its trading operations and risk. On Dec. 13, 2024, S&P Global Ratings raised its long-term issuer credit and issue ratings on Hudson River Trading (HRT)

  
Brief Excerpt:

...- Over the past 12 months, Hudson River Trading (HRT) has sustained high capitalization levels, owing to strong earnings. - Given the liquidity held at the holding company and considerable cash flows from subsidiaries that are free of regulatory capital restrictions, the group holding company's capacity to service its debt has strengthened. - As a result, we raised our issuer credit and issue ratings on HRT and its secured debt to '##' from '##-'. - The stable outlook indicates our expectation that HRT will maintain its solid operational performance, strong capitalization, and supportive liquidity as it continues to expand its trading operations and risk....

  
Report Type:

Research Update

Ticker
0247828D
Issuer
Hudson River Trading LLC
GICS
Application Software (45103010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Hudson River Trading Upgraded To 'BB' On Improved Capital Position And Reduced Structural Subordination; Outlook Stable" Dec 13, 2024. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Hudson-River-Trading-Upgraded-To-BB-On-Improved-Capital-Position-And-Reduced-Structural-Subordination-Outlook-Stable-3299919>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Hudson River Trading Upgraded To 'BB' On Improved Capital Position And Reduced Structural Subordination; Outlook Stable Dec 13, 2024. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Hudson-River-Trading-Upgraded-To-BB-On-Improved-Capital-Position-And-Reduced-Structural-Subordination-Outlook-Stable-3299919>
  
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