Fitch raises Falcon IDR to BB-

Fitch Ratings said it upgraded Falcon Group Holdings (Cayman) Ltd.’s long-term issuer default rating to BB- from B+ and affirmed the short-term issuer default rating at B.

The outlook is stable.

Fitch said the upgrade reflects continued improvements in Falcon's management quality and corporate culture as well as the introduction of more effective corporate governance standards. It also considers Falcon's cohesive strategy and its track record of delivering on business and financial goals.

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