Author: edmundocarner47

Moody’s has upgraded the issuer rating and senior unsecured rating of Lenovo Group (00992.HK) to “Baa2” from “Baa3”, and has revised the outlook to “stable” from “positive”, according to China Securities Journal. Currently, all three major international credit rating agencies have assigned a more positive investment rating to Lenovo Group. In addition to Moody’s, Fitch affirmed Lenovo’s rating at “BBB” with a “stable” outlook earlier, and S&P affirmed Lenovo’s rating at ‘BBB-‘ with a “positive” outlook in July 2021. Moody’s said, “The rating upgrade reflects Lenovo’s improved credit profile in terms of leverage, driven by debt reduction and a higher ... Read more