Futu Announces Investment Grade Rating Reaffirmed by S&P Global Ratings

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Futu Holdings (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, has received a reaffirmation of its investment grade rating from S&P Global Ratings. The company's long-term issuer credit rating remains at 'BBB-' with a stable outlook. S&P also noted that Futu's Hong Kong securities firm has a stand-alone credit profile of 'bbb'.

S&P's assessment highlights Futu's strong market position in Hong Kong and anticipates continued good growth momentum in its overseas business. The rating agency expects Futu to maintain its strong capitalization and robust funding profile to support ongoing business expansion.

HONG KONG, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that S&P Global Ratings (“S&P”) maintained stable outlook on the long-term rating and reaffirmed the Company’s long-term issuer credit rating at “BBB-”. Futu’s securities firm in Hong Kong has a stand-alone credit profile of “bbb”.

According to S&P, Futu enjoys a strong market position in Hong Kong and is expected to maintain good growth momentum in its overseas business. Additionally, S&P takes the view that Futu will continue to uphold its strong capitalization and robust funding profile to support its business growth.

About Futu Holdings Limited

Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

For investor inquiries, please contact:

Investor Relations
Futu Holdings Limited
ir@futuholdings.com

FAQ

What is Futu's current credit rating from S&P Global Ratings?

S&P Global Ratings has reaffirmed Futu's (FUTU) long-term issuer credit rating at 'BBB-' with a stable outlook.

How does S&P view Futu's market position and growth prospects?

S&P considers Futu (FUTU) to have a strong market position in Hong Kong and expects the company to maintain good growth momentum in its overseas business.

What is the stand-alone credit profile of Futu's Hong Kong securities firm?

According to S&P Global Ratings, Futu's (FUTU) securities firm in Hong Kong has a stand-alone credit profile of 'bbb'.

What factors contribute to Futu's investment grade rating?

Futu's (FUTU) investment grade rating is supported by its strong capitalization, robust funding profile, and the expectation that it will maintain these strengths to support business growth.