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Moody’s might lower Baidu
Moody's Investors Service said it placed Baidu Inc.'s A3 issuer and senior unsecured bond ratings on review for downgrade.
"The review reflects the consideration that Baidu's issuer ratings are under pressure because of the fast-growing state of its finance business, which has higher financial and execution risks when compared with its core businesses," Moody's vice president and senior credit officer Lina Choi said in a news release.
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