Training | 2009.11.04
Fitch Assigns Initial 'BBB' L-T IDR to BGC Partners; Outlook Stable
NEW YORK--(BUSINESS WIRE)--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 infra
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