TEXT-S&P keeps LCH.Clearnet Group 'A+/A-1' rtgs on watch neg

(The following statement was released by the rating agency)

Oct 10 - Overview

-- We continue to believe that the financial risk profile of LCH.ClearnetGroup PLC (LCH.Clearnet) could deteriorate if the group is acquired bylower-rated London Stock Exchange Group PLC (LSEG).

-- We are therefore maintaining our 'A+' long-term and 'A-1' short-termcounterparty credit ratings on LCH.Clearnet on CreditWatch negative.

-- The CreditWatch placement reflects the possibility of us lowering ourratings on LCH.Clearnet on completion of the acquisition, which remains ontarget to happen before the end of 2012, although we may affirm them.

Rating Action

On Oct. 10, 2012, Standard & Poor's Ratings Services maintained its 'A+'long-term and 'A-1' short-term counterparty credit ratings on LCH.ClearnetGroup PLC (LCH.Clearnet) on CreditWatch with negative implications, where theywere originally placed on March 13, 2012.