Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Cantor Fitzgerald and BGC Partners Reaffirm They Had Requested Withdrawal of Coverage by Moody's

NEW YORK, Nov. 8, 2012 /PRNewswire/ -- Cantor Fitzgerald, L.P., ("Cantor") a leading global financial services firm, and BGC Partners, Inc. (NASDAQ: BGCP) ("BGC") today reiterated that they had requested Moody's Investors Service to withdraw coverage of Cantor and its affiliate, BGC, on July 5, 2012.

(Logo: http://photos.prnewswire.com/prnh/20110721/MM39818LOGO )

Later that month, Moody's placed Cantor on review for possible downgrade. In October -- three months after Cantor and BGC requested withdrawal of coverage, Moody's downgraded Cantor's senior debt rating (to Ba1 from Baa3), reflecting its negative view of the overall capital markets environment and size bias, and downgraded BGC (to Ba2 from Ba1), despite having acknowledged "Cantor Fitzgerald's disciplined approach to managing market and credit risk" and recognizing the benefits of BGC's "less balance-sheet intensive nature of [its] commission-driven inter-dealer brokerage business."

Cantor and BGC disagreed with Moody's conclusion, particularly as their financial performance improved year over year by several important measures often used by ratings firms to assess creditworthiness. 

Cantor's pre-tax earnings under Generally Accepted Accounting Principles ("GAAP") for the six months ended June 30, 2012 were up by nearly 50 percent compared with the year-earlier period.  Adjusted for certain non-cash charges, pre-tax earnings for the six months ended June 30, 2012 were up by over 60 percent compared with the first six months of the prior year.  In addition, Cantor has prudently managed both its gross and net leverage.

Cantor's capital position has also improved substantially.  As of June 30, 2012, Cantor Partners' Capital was up approximately five percent from December 31, 2011 and 17 percent from June 30, 2011.

Cantor and BGC maintain a rating relationship with Standard & Poor's and with Fitch Ratings, each of which maintains investment grade ratings that have been reaffirmed in the last six months.

Cantor remains committed to profitably expanding its sales, trading and investment banking capabilities globally, and BGC remains committed to profitably expanding its front office headcount globally in both its Financial Services and Real Estate Services segments.

Note:

Cantor Fitzgerald, L.P. is the parent entity of Cantor Fitzgerald & Co.

SOURCE Cantor Fitzgerald, L.P.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
OneCloud Software has launched the OneCloud Partner Program. Responding to demand from prospective partners, the Program offers managed service providers (MSPs) and resellers the resources they need to grow their business with the OneCloud Recovery solution. OneCloud Recovery is ...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product M...
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for O...
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small ti...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE