Fitch Affirms GF Holdings (Hong Kong)'s 'BBB' Investment-Grade Credit Rating

2024-07-17 10:59 GF Securities (Hong Kong)

Recently, the global rating agency Fitch Ratings ("Fitch") has affirmed the long-term issuer default rating of GF Holdings (Hong Kong) Corporation Limited ("GF Holdings (Hong Kong)" or the "Company") at 'BBB', with a stable outlook. This credit rating places the Company among the leading mainland Chinese securities firms in Hong Kong.
GF Holdings (Hong Kong) was first awarded the 'BBB' long-term issuer default rating with a "stable" outlook by Fitch in January this year.
Fitch believes that GF Holdings (Hong Kong), as the key platform for the internationalization strategy of its parent company GF Securities Co., Ltd. (the "Group"), plays a unique role and has strong Group support.
The Company also received an investment-grade credit rating of 'BBB' from S&P Global Ratings in December 2023. The credit ratings from Fitch and S&P reflect the international rating agencies' confidence in the development prospects of GF Holdings (Hong Kong). The Company will continue to implement the Group's internationalization strategy and expand the Group's overseas business, with its subsidiaries providing services in the global capital markets.

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