Rating Action: Moody's reviews Geely's Ba2 ratings for upgrade The document has been translated in other languages
Global Credit Research - 12 Jul 2017
Hong Kong, July 12, 2017 -- Moody's Investors Service has placed on review for upgrade Geely Automobile Holdings Limited's Ba2 corporate family rating and senior unsecured rating.
RATINGS RATIONALE
"The review reflects Geely's gain in market share, its improvement in profitability in terms of EBITA margin net of subsidies, its consistent low debt leverage, and its strong liquidity positions, as evidenced by its latest business updates," says Gerwin Ho, a Moody's Vice President and Senior Analyst.
On 10 July 2017, Geely announced that it expects that its consolidated net profit for the six months ending 30 June 2017 will rise over 100% from RMB1.9 billion for the corresponding period of 2016.
Quelle + Volltext: www.moodys.com/research/...hbnNsYXRpb25z%7e20170713_PR_369364