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S&P Upgrades MIDEA GROUP's Credit Rating to 'A+' w/ Stable Outlook
Recommend 4 Positive 9 Negative 4 |
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S&P Global Ratings announced that it had upgraded MIDEA GROUP (00300.HK)'s long-term issuer credit rating from "A" to "A+" and raised the long-term issue credit ratings on the company's guaranteed senior unsecured notes from "A" to "A+", with a stable outlook. It is believed that MIDEA GROUP will continue to strengthen its market position in major home appliances and commercial-related heating, ventilation, and air conditioning (HVAC) products both in China and overseas markets. The company's robust cash flow will also deepen its net cash position. AAStocks Financial News |
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