S&P Downgrades ASX Credit Rating After ASIC Inquiry Findings

ASX ( (AU:ASX) ) has provided an announcement.

ASX Limited has had its long-term issuer credit rating cut by S&P Global Ratings from AA- to A+ with a stable outlook, following an earlier revision of its outlook from stable to negative in December 2025. The downgrade was influenced by findings from the ASIC Inquiry’s final report, which highlighted governance and operational issues at the market operator.

In response, ASX is progressing a Commitments Plan focused on strengthening governance, boosting the independence of its clearing and settlement facilities, resetting its Accelerate technology program, enhancing leadership capability and complying with an additional $150 million capital charge from ASIC. The company emphasised that the rating action does not affect its capital, liquidity or funding position, suggesting limited immediate financial impact but underscoring regulatory and reputational pressures it must address.

The most recent analyst rating on (AU:ASX) stock is a Hold with a A$58.85 price target. To see the full list of analyst forecasts on ASX stock, see the AU:ASX Stock Forecast page.

More about ASX

ASX Limited operates Australia’s primary securities exchange, providing trading, clearing and settlement services for equities, derivatives and other financial products. As a central piece of the country’s market infrastructure, it is systemically important to investors, listed companies and financial institutions that rely on its platforms for capital raising and risk management.

Average Trading Volume: 802,223

Technical Sentiment Signal: Buy

Current Market Cap: A$11.42B

Learn more about ASX stock on TipRanks’ Stock Analysis page.