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OCC Comments on S&P Reaffirmation of AA+/Stable Rating

May 26, 2015
Chicago -

OCC, the world's largest equity derivatives clearing organization, today commented on the reaffirmation of its AA+/Stable rating by Standard & Poor's.

"We're pleased with the reaffirmation of our AA+/Stable rating by Standard & Poor's. The report reflects the outstanding work by the management and employees of OCC to strengthen the resiliency, risk management and capitalization of our company," said Craig Donohue, Executive Chairman. "As a SIFMU, we understand the importance of continued vigilance and internal oversight in order to strengthen our role as the foundation for secure markets."

"The work we are doing on regulatory remediation and improving our capital position is very positive for OCC. We will continue to enhance our resiliency, strengthen market protections, and deliver efficiencies for all market participants."

Citing in its report the critical function OCC has in the U.S. capital markets, Standard & Poor's said, "The stable rating outlook incorporates our expectation that Options Clearing Corp. will maintain its cautious risk appetite and preserve the sound quality of its financial safeguards."

In June 2013 OCC received an AA+/Stable rating by S&P.

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