Futu Holdings Reaffirmed "BBB-" Rating by S&P Global; Stable Outlook

Key Highlights

• S&P Global Ratings maintained a stable outlook on Futu's long-term rating.
• S&P reaffirmed Futu's long-term issuer credit rating at "BBB-".
• Futu group's stand-alone credit profile is assessed at "bbb".
• S&P noted Futu's strong market position in Hong Kong.
• Geographic diversification is expected to mitigate mainland China business phaseout.
• Futu's very strong capitalization is a key strength for its creditworthiness.
• Futu is expected to uphold an adequate funding profile as it expands.