FRHC is trading at $125.08 (+4.09%) after S&P Global affirmed the company's B- credit rating with a stable outlook.
- The rating affirmation remains stable despite rising leverage and $600M in debt, bolstered by positive outlooks for the firm's subsidiaries.
- The stock is significantly outperforming the broader market as the S&P 500 drops 0.19% following U.S.-Israel strikes on Iran and a surge in oil prices.