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Moody's Assigns 'A3' Rating to KUAISHOU-W for 1st Time w/ Outlook 'Stable'
Recommend 19 Positive 37 Negative 20 |
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Following KUAISHOU-W (01024.HK)'s announcement of a proposed issuance of USD and CNY denominated senior notes to professional investors, Moody's assigned a first-time "A3" issuer rating to the company and "A3" ratings to its proposed notes, along with a "Stable" rating outlook. KUAISHOU-W's "A3" rating reflects its active online community, diversified monetization channels, and strong network effects created by a large base of highly engaged users and content creators, said Shawn Xiong, Vice President and Senior Analyst at Moody's. These advantages, along with leading technology, attract merchants and advertisers and create high entry barriers. AAStocks Financial News |
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