.........Ba2 auf Ba1.
Wunderbar !
Moody's upgrades Geely's ratings to Ba1; outlook stable
2017-09-29 17:50:00.0
[ET Net News Agency, 29 September 2017] Moody's Investors Service has upgraded Geely
Automobile Holdings Limited's corporate family and senior unsecured ratings to Ba1 from
Ba2. The ratings outlook is stable.
This rating action concludes the ratings review initiated on 12 July 2017.
"The upgrade reflects Geely's strengthening of its business profile in terms of gains in
market share and improvements in profitability, and its track record of consistent low
debt leverage and strong liquidity positions, as evidenced from its latest business
updates," said Gerwin Ho, a Moody's Vice President and Senior Analyst.
Based on 88% year-on-year growth in units sold between January and August 2017 - which
outpaced the 5% growth registered by China's auto industry over the same period - Geely's
market share expanded further, and it ranked as the largest privately owned and the
seventh largest auto maker by unit sales in China during this period.
Moody's expects that Geely's market share will continue to expand in 2018, with unit
sales growing about 31% year-on-year off a unit sales base of over one million, versus
about 52% in 2017, and which would be faster than Moody's expectation of 3% year-on-year
for the industry as a whole in China. (KL)
Quelle: www.htisec.com/en/research/...sType=ETNET&newsid=270929157