trending Market Intelligence /marketintelligence/en/news-insights/trending/rlcavqwmevfluntn_rohow2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Fitch affirms BGC Partners on benefits from GFI Group merger

Industries Most and Least Impacted by COVID 19 from a Probability of Default Perspective March 2020 Update

Entertainment Promos Take Center Stage Amid Coronavirus Lockdowns

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus


Fitch affirms BGC Partners on benefits from GFI Group merger

Fitch Ratings has affirmed the long-term issuer defaultrating of BGC PartnersInc., citing its strength in the inter-dealer broker space and itsacquisition of

The rating agency affirmed the company's "BBB-"rating with a stable outlook. It also affirmed the "BBB-" rating ofCantor Fitzgerald LP, its parent company.

Fitch expects the GFI Group deal to result in betterearnings for BGC Partners. The rating agency also praised the company's growingcommercial real estate business, which is diversifying its revenue and"over time should add some stability to earnings."

BGC Partners’ ratings could be lowered if the company failsto improve its earnings or reduce its debt, which increased in connection withthe GFI Group merger. Higher dividends, "outsized" buybacks or thedeparture of Cantor Fitzgerald's CFO would also be credit negative, Fitch said.