GF Holdings (Hong Kong) Receives a ‘BBB’ Investment Grade Rating from Fitch with a Stable Outlook
2024-01-05 14:55 GF Holdings (Hong Kong)
GF Holdings (Hong Kong) Corporation Limited (GF Holdings (Hong Kong), the company) announced that Fitch Ratings (Fitch) has affirmed the company’s long-term issuer default rating at ‘BBB’ with a stable outlook. GF Holdings (Hong Kong) has previously received a ‘BBB’ investment grade rating from S&P Global Ratings.
Fitch noted that GF Holdings (Hong Kong), as the principal platform for pursuing the internationalization strategy of GF Securities (GFS, the group), plays a unique role and receives strong support from the group. The company has been extending the group’s overseas franchise, and its subsidiaries have been providing offshore capital market services.
The ratings from international rating agencies reflect their confidence in the development prospects of GF Holdings (Hong Kong). The company will remain committed to pursuing the strategy of going global, and its subsidiaries will continue to provide all-round professional and efficient capital market services for clients both at home and abroad.