Moody's Investors Service has upgraded JD.com, Inc.'s (09618) issuer and senior unsecured ratings to Baa1 from Baa2, and has revised the rating outlook to stable from positive.
"The upgrade reflects JD.com's consistently improving business and financial profiles despite sizeable investment needs, as well as its prudent financial policy that underpins low leverage and a robust cash position," said Lina Choi, a Moody's Senior Vice President.
"The upgrade also considers JD.com's prudent approach towards investment and expanding funding channels, leaving it with ample buffer for future investment needs and potential volatility," added Choi.
etnet榮獲HKEX Awards 2023 「最佳表現證券數據供應商」大獎► 了解詳情
