(Finance) – Fitch Ratings has raised the rating on IG Groupa British online trading company, a “BBB” from “BBB-“. Theoutlook And stable.
The upgrade reflects the reduced dependence by IG Group from over-the-counter (OTC) leveraged products to cover its overheads and financing costs, through increased contribution from other typically less volatile revenue streams. It also reflects its strong cash management record and increased geographic diversification, allowing the group to continue to report strong financial metrics with less vulnerability to challenges in the operating environment.
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