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Saxo Financial institution A/S, the mother or father firm of Saxo Australia, right this moment publicizes that S&P International Rankings has upgraded its long-term issuer credit standing to ‘A-‘ from ‘BBB’.
This credit standing improve displays Saxo Financial institution’s strengthened monetary profile, together with its
efforts to extend its resolvability and improve its subordinated debt buffers in alignment with regulatory necessities for Systemically Necessary Monetary Establishments (SIFIs) in Denmark.
The steady outlook displays the view that Saxo Financial institution will proceed to keep up its stable working profitability, sturdy capitalisation, and efficient danger administration.
Saxo Deputy CEO and COO Søren Kyhl commented, “This ranking improve by S&P International Rankings serves as a testomony to our unwavering dedication to monetary resilience and prudent danger administration. We’re happy that our enhanced credit standing displays our efforts to additional bolster our monetary robustness, which is in alignment with our designation as a SIFI final 12 months.”
Kyhl added, “That is paramount to our capability to offer our rising variety of shoppers and companions with a safe and dependable buying and selling and funding platform.”
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