Moody's Lowers Its Outlook On Nasdaq OMX Group To Negative
Moody's Investors Service lowered its outlook on the Nasdaq OMX Group (NASDAQ:NDAQ) after the tech-laden exchange announced a joint bid together with the IntercontinentalExchange (NYSE:ICE) for NYSE Euronext (NYSE:NYX).Peter Nerby, a Moody's senior vice president, in a statement, said, "Nasdaq OMX has a history of aggressively leveraging the firm, which raises concerns about management's financial policy and commitment to an investment-grade credit profile in a consolidating industry."
Credit: Financial News Network
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