Standard & Poor's has confirmed the A issuer credit rating for SIX Group and the A+ ratings for its two operating subsidiaries, SIX SIS and SIX x-clear, with a stable outlook across all three entities.
The rating agency cited SIX's progress under its Scale Up 2027 transformation program and strong first-half 2026 performance as key factors behind the confirmation. S&P expects the company to deliver further revenue growth, improve its EBITDA margin, and maintain a sustainable leverage profile.
SIX, which operates financial market infrastructure in Switzerland and parts of Spain, has undergone significant leadership changes in recent months. CFO Markus Habbel said the rating affirmation reflected ongoing growth across all business segments, the successful integration of Aquis Exchange, and disciplined cost management, adding that the company's financial strength positions it to invest in core businesses and pursue growth opportunities.
The company has three bonds totaling CHF 850 million outstanding, all listed on the SIX Swiss Exchange.