Core Viewpoint - S&P Global Ratings has affirmed Marex Group's rating at BBB- with a stable outlook and assigned a first-time long-term Issuer Default Rating (IDR) of BBB to its US-based subsidiary, Marex Capital Markets Inc. (MCMI) [1][3] Group Performance and Ratings - The affirmation of Marex's overall rating is based on its robust performance and strong capitalization [3] - The new rating for MCMI reflects its core status to Marex Group, highlighting its importance to the overall performance of the Group [3] Management Response to Allegations - S&P considered recent short-seller allegations in its ratings analysis but concluded that these allegations are unlikely to materially impact Marex's franchise [2] - The management's response to the allegations was taken into account, and S&P's analysis remains unchanged [2] CEO's Commentary - The CEO of Marex stated that the affirmation of the overall rating validates the company's strategy and success in building a resilient and strongly capitalized business [4] - The addition of MCMI recognizes the growth of Marex's US operations and their significance to the Group [4] Company Overview - Marex Group plc is a diversified global financial services platform providing essential liquidity, market access, and infrastructure services across energy, commodities, and financial markets [4] - The Group has a leading franchise in major metals, energy, and agricultural products, with access to 60 exchanges and over 2,400 employees worldwide [4]
S&P Global Ratings affirms BBB- rating and stable outlook for Marex Group plc; assigns first-time rating of BBB to Marex Capital Markets Inc. (MCMI) and addresses recent short seller report