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Moody's Affirms GEELY AUTO's 'Ba1' CFR, Adjusts Outlook to Positive
Recommend 9 Positive 21 Negative 8 |
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Moody's has affirmed GEELY AUTO (00175.HK)'s "Ba1" corporate family rating (CFR) and revised its rating outlook from "Stable" to "Positive", reflecting the carmaker's robust performance last year and the expectation that its strong sales momentum will persist into this year. In addition, Moody's believes GEELY AUTO will further expand its operational scale and create room for profit margin improvement. Supported by government policies, it is also anticipated that the carmaker will be able to enlarge its market share. AAStocks Financial News |
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