01.10.2015 21:59:00
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KCG Holdings, Inc. -- Moody's: Post-merger progress buys KCG time to generate more consistent profitability; shareholder pressure remains
New York, October 01, 2015 -- KCG Holdings' (B1 stable) progress on reducing risks associated with executing its merger has bought its management time to generate more consistent profitability, said Moody's Investors Service. However, continued restructuring costs are anticipated as the business model remains in transition.