China Securities Journal

Moody's upgrades Lenovo Group (00992.HK) to "Baa2"; outlook "stable"

Retrieved on: 
Monday, March 7, 2022
Cloud, RMB, Fitch, Financial management, Personal computer, S&P, Lenovo, Moody's Investors Service, Securities Daily, China Securities Journal, Hang Seng Index, EBITDA, BBB, BAA2, FY, Group, Development, Yoy, SMART Infrastructure Facility

Currently, all three major international credit rating agencies have assigned a more positive investment rating to Lenovo Group.

Key Points: 
  • Currently, all three major international credit rating agencies have assigned a more positive investment rating to Lenovo Group.
  • In addition to Moody's, Fitch affirmed Lenovo's rating at "BBB" with a "stable" outlook earlier, and S&P affirmed Lenovo's rating at 'BBB-' with a "positive" outlook in July 2021.
  • Moody's said, "The rating upgrade reflects Lenovo's improved credit profile in terms of leverage, driven by debt reduction and a higher level of EBITDA.
  • In addition, we expect the company's continued disciplined financial management will help it to maintain its excellent liquidity and improve debt leverage."