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CBOE Holdings (CBOE) options implied volatility low into acquiring Bats Global Markets

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S&P Assigns 'BBB+' Rating to CBOE Holdings (CBOE); Outlook is Stable

September 26, 2016 5:11 PM EDT

S&P Global Ratings said it assigned its 'BBB+' long-term issuer credit rating to CBOE Holdings, Inc. (Nasdaq: CBOE) The outlook is stable.

"The rating on CBOE reflects our view of its leading position among equity options exchange operators in the U.S.," said S&P Global Ratings credit analyst Daniel Koelsch. The rating also reflects the group's scalable technology platform, its capacity to generate strong cash flow from operations, and its strong financial risk profile (CBOE has no debt). As is usual for nonoperating holding companies (NOHCs), we rate... More