|
|
 |
|
Viewing report
|
|
|
|
BGC Partners Inc. Rated 'BBB-'; Outlook Stable Nov 09
Standard & Poors, Nov 2009
Abstract
One of the largest interdealer brokers in the world, BGC specializes in over-the-counter financial instruments and related derivative products. We consider BGC a 'strategically important' investment for its parent, Cantor Fitzgerald L.P. We are assigning our 'BBB-' counterparty credit rating to BGC Partners Inc. with a stable outlook. Should the company's liquidity or leverage measures erode materially, the ratings could be downgraded. NEW YORK (Standard & Poor's) Nov. 4, 2009--Standard and Poor's Ratings Services said today that it has assigned its 'BBB-' corporate counterparty rating to BGC Partners Inc. (BGC). The outlook is stable. The ratings are based on the company's adequate standalone financial and business profile, as well as its relationship to its parent, Cantor Fitzgerald L.P. (Cantor; BBB/Stable)....
Companies mentioned in this report are: BGC Partners Inc.,Cantor Fitzgerald L.P.
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
