S&P rates Global Investment BBB/A-3

Standard & Poor's said it assigned BBB/A-3 long- and short-term counterparty credit ratings to Global Investment House KSCC.

The outlook is stable.

Ratings reflect strong capitalization, good market position, consistent strategy and high although potentially cyclical profitability, the agency said.

Ratings also reflect Global's standalone creditworthiness and do not factor in potential external support from shareholders or authorities, S&P said.

Negative factors include the company's short track record, small size by international standards, weak funding and liquidity profile as a wholesale entity, and high investment in private equity, the agency noted.

Debt leverage fell to 0.8 times from 2.4 times, the agency said.

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