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Moody’s might raise Geely
Moody's Investors Service said it placed Geely Automobile Holdings Ltd.’s Ba2 corporate family rating and senior unsecured rating on review for upgrade.
"The review reflects Geely's gain in market share, its improvement in profitability in terms of EBITA margin net of subsidies, its consistent low debt leverage, and its strong liquidity positions, as evidenced by its latest business updates," Moody's vice president and senior analyst Gerwin Ho said in a news release.
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