S&P Global Ratings revised outlook on Geely Automobile Holdings Limited to positive and affirmed at "BB+" (Local Currency LT) credit rating

June 19, 2017 - CBonds

 

S&P Global Ratings affirmed the "BB+" Local Currency LT credit rating of Geely Automobile Holdings Limited on June 15, 2017. At the same time the rating agency revised outlook to positive from stable.
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Issuer: Geely Automobile Holdings Limited
Issuer profile:
Geely Automobile Holdings Limited (the “Company”) (stock code: 175) is an automobile manufacturer, focusing on development, manufacturing and sales of passenger vehicles. The Company sells most of it... more
Outstanding issues:
2 issuesUSD600,000,000
Issuer rating:
Moody's Investors ServiceBa2/PositiveLT- foreign currency08/30/2016
S&P Global RatingsBB+/PositiveForeign Currency LT06/15/2017
S&P Global RatingsBB+/PositiveLocal Currency LT06/15/2017