Investing.com--S&P Global Ratings has upgraded NASDAQ Inc. (NASDAQ: NDAQ) to "BBB +" from "BBB" with a stable outlook, citing a faster-than-expected reduction in leverage following the company's 2023 acquisition of Adenza. The ratings agency noted that while Nasdaq took on a significant amount of debt for the Adenza acquisition, it managed to reduce net leverage by limiting share buybacks more strictly than expected and prioritizing debt repayments. This deleveraging process is supported by strong results,...
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