S&P Maintains ‘A’ Rating and Stable Outlook for SIX Group | LeapRate
S&P Global Ratings has reaffirmed its ‘A/A-1’ long- and short-term issuer credit ratings on SIX Group AG, maintaining a stable outlook for the Swiss financial infrastructure operator.
The rating agency also confirmed its ‘A+/A-1’ ratings on SIX’s operating subsidiaries, SIX SIS AG and SIX x-clear AG.
According to S&P, the rating reflects SIX’s strong market position and its vertically integrated business model, which supports earnings diversification, stability, and deleveraging capacity.
The stable outlook across all rated entities is based on expectations that the group will continue to generate revenue growth and expand EBITDA margins while keeping financial leverage at sustainable levels.
S&P also pointed to SIX’s strong performance in the first half of 2026, along with progress made under the company’s Scale Up 2027 transformation program, as supporting factors behind the affirmed rating.
Commenting on the announcement, Markus Habbel, CFO of SIX, said the assessment confirms the progress the company is making in executing its group strategy and strengthening its financial profile. He noted that the first-half 2026 results reflected continued growth across the business, the successful integration of Aquis Exchange, and disciplined cost management.
Habbel added that this financial strength allows SIX to invest in its core businesses, pursue further growth opportunities, and continue delivering innovative, high-quality solutions to its clients.
SIX operates critical financial market infrastructure across Switzerland and Spain, including stock exchanges, securities services, and payment systems, and has been expanding its footprint through initiatives such as the Aquis Exchange acquisition.
