Fitch gives GFI, notes BBB

Fitch Ratings said it assigned a long-term issuer default rating of BBB and a short-term issuer default rating of F2 to GFI Group Inc., along with a BBB rating to the $250 million unsecured senior notes it plans to issue.

The outlook is stable.

The ratings reflect GFI's strong franchise, low credit and market risk profile, robust risk management system, moderate leverage, limited liquidity needs and stable funding base, Fitch said.

Rating constraints include limited revenue diversity, cyclicality of revenue lines and the heightened legislative and regulatory scrutiny of the global over-the-counter credit derivatives markets, the agency said.

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