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Prospect News home > News index > List of issuers G > Headlines for GFI Group Inc. > News item
Published on 7/13/2015 in the Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch upgrades GFI debt to BBB-

Fitch Ratings said it upgraded GFI Group, Inc.'s senior unsecured debt to BBB- from BB+.

The long- and short-term issuer default ratings remain unchanged at BB+/B and the outlook remains positive.

Fitch said the upgrade reflects the introduction of an irrevocable and unconditional guarantee provided by BGC Partners, Inc. (BBB-/F3; stable) with respect to GFI's $240 million of senior unsecured debt due 2018. The guarantee ranks pari passu with BGC's senior unsecured obligations.


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