|
|
Article: Fitch Rates Cantor Fitzgerald's L-T IDR 'BBB'; Outlook Stable.
- Article from:
- Investment Weekly News
- Article date:
- October 24, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Fitch Ratings has assigned a long-term Issuer Default Rating (IDR) of 'BBB' and short-term IDR of 'F2' to Cantor Fitzgerald, L.P. (Cantor). The Rating Outlook is Stable.
The ratings incorporate a number of quantitative and qualitative factors, many of which are outlined in the criteria report 'Rating Methodology for Securities Firms and Investment Companies' dated April 21, 2006. The Stable Outlook reflects Fitch's expectations that low risk businesses remain primary revenue generators, profitability is sustained, risk appetite is controlled, liquidity is readily accessible, operational risk management is effective and capital levels are sufficient to support the ...