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Moody’s upgrades Geely to Ba1
Moody's Investors Service said it upgraded Geely Automobile Holdings Ltd.’s corporate family and senior unsecured ratings to Ba1 from Ba2.
The outlook is stable. This concludes the review initiated on July 12.
"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," Moody's vice president and senior analyst Gerwin Ho said in a news release.
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