Futu Announces Investment Grade Rating from S&P Global Ratings
HONG KONG, June 03, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU),a leading tech-driven online brokerage and wealth management platform in China, today announced S&P Global Ratings (S&P) has assigned an investment grade long-term issuer credit rating BBB- to the Company.
- HONG KONG, June 03, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU),a leading tech-driven online brokerage and wealth management platform in China, today announced S&P Global Ratings (S&P) has assigned an investment grade long-term issuer credit rating BBB- to the Company.
- The rating on Futu reflects the Companys leading market position in the Hong Kong brokerage market, strong capitalization with solid financing standing, and prudent risk controls.
- Futu is the first online broker in the Asia-Pacific region to have obtained international rating, and the first Hong Kong-based broker to have obtained standalone investment grade issuer rating, with its bbb GCP being the highest grade GCP/SACP (standalone credit profile) that S&P has assigned to securities firms in Greater China.
- Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform.