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S&P affirms BGC Partners
Standard & Poor's said it affirmed the BBB- corporate counterparty credit rating on BGC Partners Inc.
The outlook is stable.
The ratings are based on an assessment of the company's stand-alone credit profile, as well as its relationship with its parent, Cantor Fitzgerald LP, the agency said.
Although BGC is not operationally integrated into Cantor and Cantor doesn't own 100% of BCG, the agency said it views BGC as important to the company's efforts to grow into a strong mid-tier brokerage firm.
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