Industry
- Aerospace & Defense 12
- Analytics 10
- Apparel 6
- Bank 16
- Beverages / Food 4
- Car Manufacturing 7
- Chemicals 3
- Communication Services 3
- Consulting 3
- Consumer Defensive 10
- Consumer Discretionary 18
- Credit Services 10
- Cybersecurity 3
- Data 6
- Energy 12
- Entertainment 4
- Exchanges 5
- Farm & Heavy Construction Machinery 2
- Financial 46
- Food Processing 1
- Grocery Store 5
- Hardware 18
- Healthcare 6
- Holding Company 5
- Home Improvement 2
- Industrial 37
- Information Technology 16
- Insurance 15
- Investment Banking 5
- Logistics 9
- Luxury 6
- Market Infrastructure 9
- Materials 6
- Mining 3
- Oil & Gas 12
- Payment 5
- Personal Care & Beauty 1
- Pharmaceuticals 4
- Railroad 5
- Ratings 6
- Real Estate 5
- Restaurants 4
- Retail 16
- Semi-Conductors 17
- Software 17
- Technology 39
- Telecommunications 11
- Trade Distributors 4
- Utilities 6
- Waste Management 4
CME Group (CME) investment Quality Rating (AAA)
CME Group (CME) 2025 Quality Analysis: Why the derivatives giant earns an Old York AAA Rating. Clinical analysis of $4.16B in Owner Earnings, 69% operating margins, and a net-cash fortress balance sheet.
Deutsche Börse AG (DB1.DE) investment Quality Rating (AA)
Deutsche Börse (DB1.DE) 2025 Analysis: Why the European gatekeeper earns an Old York (AA) Rating. Analysis of €2.36B in Owner Earnings, 51% EBITDA margins, and the strategic dominance of SimCorp and Clearstream.
TMX Group Ltd. (X.TO) investment Quality Rating (A)
TMX Group (X.TO) 2025 Audit: Why Canada’s exchange monopoly earns an Old York (A) Rating. Detailed analysis of record $1.7B revenue, 31% derivatives growth, and why 1.7x leverage makes it a premier 'Fortress' asset.
Nasdaq, Inc. (NDAQ) investment Quality Rating (A)
Nasdaq 2025 Operational Quality Analysis: Why NDAQ earns an Old York A Rating. Analysis of $3.1B in Recurring Revenue (ARR), the Verafin growth engine, and why 6.8% ROIC keeps it out of the Sovereign AAA class
Intercontinental Exchange Inc. (ICE) investment Quality Rating (A)
ICE 2025 Operational Quality Audit: Why Intercontinental Exchange earns an Old York (A) Rating. A deep dive into 75% exchange margins, the Black Knight integration, and why $19B in debt separates ICE from the (AAA) 'Sovereign' class.