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Fitch Assigns KUAISHOU-W 'A-' Issuer Default Rating with 'Stable' Outlook
Recommend 10 Positive 11 Negative 5 |
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Fitch Ratings has assigned KUAISHOU-W (01024.HK) "A-" Foreign- and Local-Currency Long-Term Issuer Default Ratings, alongside a "Stable" outlook. It has also given the company a senior unsecured rating of "A-" and assigned the proposed US dollar and offshore Chinese yuan senior unsecured notes ratings of "A-". The agency based its ratings on its expectation that KUAISHOU-W will maintain a strong position in China's short video, live streaming, and content e-commerce service sectors. Its user engagement, content ecosystem, and differentiated market positioning will support its business expansion. It is also expected to benefit from the continued increase in advertising and marketing budgets allocated to short video platforms and the robust growth of content e-commerce. AAStocks Financial News |
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