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Moody's Affirms MEITUAN-W at Baa1 Credit Rating, Revises Outlook to Negative
Rating agency Moody's has affirmed Meituan's Baa1 issuer rating and senior unsecured ratings. At the same time, Moody's revised the rating outlook from stable to negati...
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Moody's Affirms MEITUAN-W at Baa1 Credit Rating, Revises Outlook to Negative
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Rating agency Moody's has affirmed Meituan's Baa1 issuer rating and senior unsecured ratings. At the same time, Moody's revised the rating outlook from stable to negative.

The negative outlook reflects the rising uncertainty on the recovery of Meituan's food delivery business due to intense competition, Ying Wang, Vice President and Senior Analyst at Moody's, said.

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As a result, ongoing margin pressure and heightened investment requirements are likely to keep the Company's leverage elevated for longer than previously anticipated.

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