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Moody's Upgrades AAC TECH Issuer Rating to Baa2, Revises Outlook to Stable
Recommend 5 Positive 7 Negative 1 |
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Rating agency Moody's has upgraded AAC TECH (02018.HK)'s issuer rating and senior unsecured rating from Baa3 to Baa2, and revised the outlook to stable from positive. The rating upgrade reflects AAC TECH's ongoing diversification of revenue sources and customers, as well as continuous enhancements to its core product segments, Ying Wang, Vice President and Senior Analyst at Moody's Ratings, said. These factors support sustained revenue growth and improved consolidated profit margins. Auto-translated by AI AASTOCKS Financial News |
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