ecns [expanded by feedex.net]: Alibaba gets 'A-plus' debt rating from agencies

ecns [expanded by feedex.net]

ecns

Alibaba gets 'A-plus' debt rating from agencies
http://www.ecns.cn/business/2014/11-14/142688.shtml
Nov 14th 2014, 08:49





2014-11-14 16:49


Chinese e-commerce giant Alibaba Group has received its first debt ratings from international credit agencies.


Standard & Poor's and Fitch Ratings rated the notes at investment grade "A-plus", while Moody's Investor Service assigned an equivalent "A1" rating.


The ratings have been issued as part of Alibaba's plan to issue unsecured notes to raise some $8 billion.


The company said it will use the new funding to refinance its current debt, which reportedly stands at around $11 billion.









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