Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
S&P Lowers MEITUAN-W Credit Rating to BBB+ with Negative Outlook
Recommend 20 Positive 29 Negative 20 |
||||
|
||||
|
S&P Global Ratings announced the downgrade of the issuer credit rating on MEITUAN-W (03690.HK) from A- to BBB+, and downgrade of the issue rating of the company's outstanding debt to BBB+, with a negative outlook. S&P believed that the ability of Chinese online retailer Meituan to defend and expand its market share has dropped, partly due to BABA-W (09988.HK)'s determination to establish a strong presence in the on-demand delivery market. The rating agency viewed that competition across multiple business areas will suppress Meituan's profitability and cash flow generation. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
