ASXCC drops rating after shelving bond plans
- Thursday, 10 September 2009
Standard & Poor's (S&P) withdrew its AA- rating on ASX Clearing Corporation (ASXCC) on September 10, after the Australia Securities Exchange subsidiary revealed in its recent annual report that it would not be pursuing plans to raise A$145 million (US$124.79 million) via a fixed rate bond issue in either the domestic or US private placement (PP) market.
