[ET Net News Agency, 25 March 2021] S&P Global Ratings today raised the long-term
issuer credit rating on JD.com Inc. (09618) to 'BBB+' from 'BBB'. At the same time, the
credit rating agency raised the long-term issue rating on the company's senior unsecured
notes to 'BBB+' from 'BBB'.
It said JD.com has further solidified its position as the largest online retailer in
China as consumers in lower-tier cities shift online.
S&P expects the China-based e-commerce company's growing cash flows from operations and
sizable cash and cash equivalents on its balance sheet to support its investment plans
over the next 12-24 months.
The positive outlook reflects S&P's expectation that JD.com's revenue will continue to
grow at a healthy pace of above 18% per year and the company will maintain a net cash
position in the next 24 months. (KL)
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09618 JD-SW
Nominal 
117.700 +6.400 (+5.750%) Research Report
25/03/2021 16:58
JD.com (09618) upgraded to 'BBB+'; outlook positive
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