Alibaba gets "A-plus" debt rating from agencies
Add BT as a preferred source[NEW YORK] Chinese e-commerce giant Alibaba Group Holding Ltd received its first debt ratings from international credit agencies on Thursday after the company announced plans for an issue of senior unsecured notes to raise an unspecified amount.
Standard & Poor's and Fitch Ratings rated the notes at investment grade "A-plus", while Moody's Investor Service assigned an equivalent "A1" rating.
Alibaba said it would use the net proceeds from the US bond offering primarily to refinance debt.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Middle East-linked energy supply shocks put Asean Power Grid back in focus
From intern to C-suite: JPMorgan’s Teresa Heitsenrether on building a fully AI-powered ‘megabank’
The Asian healthcare gold rush: Vietnam’s reforms are attracting foreign investors
‘Tokenmaxxing’ your way to a zero-day work week
