Fitch Ratings has revised the outlook of Marex Group plc’s Long-Term Issuer Default Rating (IDR) to positive from stable, and has affirmed its Long-Term IDR at ‘BBB-’.
The revision of the outlook reflects Marex’s strong and growing earnings across variable market conditions, expansion and diversification of the franchise both organically and through bolt-on acquisitions, well-managed liquidity and adequate buffer over regulatory capital requirements.
Ian Lowitt, CEO of Marex, commented:
“Fitch’s upgrade to our outlook to positive from stable reflects the strength and scalability of our diversified global platform as well as our 10-year track record of sequential growth through a range of market environments. At the core of our strategy is Marex’s risk control framework, which keeps pace with our expanding business. We view our investment grade rating as a differentiator, and this is a further validation of our strategy.”
