More than three months after the collapse of MF Global Holdings Ltd., fallout continues to beset the collapsed futures firm’s front-line regulator, CME Group Inc. The Chicago-based futures exchange on Wednesday saw its credit rating cut by Standard & Poor’s and could face further downgrades because of reputational damage linked to the Oct. 31 collapse of MF Global. Standard & Poor’s Ratings Services cut CME’s long-term rating by a notch to double-A-minus, citing the potential cost of a financial safety net established for clients in the wake of the unfolding controversy surrounding the MF Global bankruptcy. Read Wall Street Journal report here.
