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Moody's Affirms MEITUAN-W at Baa1 Credit Rating, Revises Outlook to Negative
Recommend 27 Positive 36 Negative 30 |
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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. As a result, ongoing margin pressure and heightened investment requirements are likely to keep the Company's leverage elevated for longer than previously anticipated. AAStocks Financial News Website: www.aastocks.com |
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