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Moody's mulls upgrade of Grab's B3 ratings; S&P holds steady
Add BT as a preferred sourceLisa Kriwangko &
Sharanya Pillai
Published Thu, Apr 15, 2021 · 09:50 PM
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Singapore
CREDIT ratings agency Moody's Investors Service has placed the B3 credit ratings of Grab under review for an upgrade, on expectations that the company's US$39.6 billion listing could eliminate redemption risk.
In contrast, S&P Global Ratings is maintaining its "B-" credit rating for Grab. S&P anticipates that Grab will remain loss-making over the next two years.
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