S&P affirms Vipshop Holdings

S&P said it affirmed its BBB long-term issuer credit rating on Vipshop Holdings Ltd.

The outlook is stable.

“We affirmed the rating on Vipshop because we believe that the company's profitability will rebound and result in EBITDA margin of more than 5% over the next 12 months,” S&P said in a news release.

“This will be driven by a refocus on the off-price apparel segment and decrease in investment in technology and logistics.”

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