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.

Your acceptance of all cookies will permit robust site functionality. If you don't allow cookies, some features and functionality of OCC's site may not operate as expected. If you do not choose either cookie setting for our site, or if you close this window, this message will continue to display on each page you visit. Cookie settings can be controlled in your Internet browser to automatically reject some forms of cookies. For more details on cookies this site uses, see our OCC Site Cookies page. In addition to using cookies, we retain other information, including your Internet Protocol (IP) address, for the purposes listed in the Privacy Policy. Do not accept analytic cookies Accept analytic cookies