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Article: Fitch Assigns Initial 'BBB' L-T IDR to BGC Partners; Outlook Stable.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Fitch Ratings has assigned a first-time long-term Issuer Default Rating (IDR) of 'BBB' and short-term IDR of 'F2' to BGC Partners, Inc. (BGCP). The Outlook is Stable.
Positive ratings drivers include: limited credit and market risks, modest liquidity needs and proven funding flexibility. Low capital levels and low earnings retention are key constraints. Also, given the significant interrelationship and/or commonality of businesses, clients, funding and management infrastructure, ratings of BGCP and its parent are fundamentally linked. On Oct. 14, 2009, Fitch assigned long-term and short-term IDRs of 'BBB' and 'F2,' respectively, to BGCP's parent Cantor ...
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Article: BGC Partners Announces Strategic Alliance with ...
Business Wire;
April 21, 2009 ;
700+ words
...LONDON & NEW YORK -- BGC Partners, Inc. (NASDAQ: BGCP), one of the world's leading inter ... at www.bnyconvergex.com. About BGC Partners, Inc. BGC Partners, Inc. (NASDAQ: BGCP) is a leading, fast growing, and ...
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