Research Update: Tencent Holdings Ltd. Assigned 'BBB+' Rating With Stable Outlook; Proposed Notes Rated 'BBB+' Nov 11
- Language: English
- Published: November 2011
China-based Internet services provider Tencent has a strong user base in instant messaging and social networking services, favorable growth prospects, and sound financial standing. We are assigning our 'BBB+' long-term corporate credit rating and 'cnA+' Greater China credit scale rating to the company. We are also assigning our 'BBB+' rating to the company's proposed senior unsecured offshore notes with a 'cnA+' Greater China credit scale rating. The stable outlook reflects our expectation that Tencent will maintain its steady performance and its current conservative financial policy. TOKYO (Standard & Poor's) Nov. 14, 2011--Standard & Poor's Ratings Services said today that it had assigned its 'BBB+' long-term corporate credit rating and 'cnA+' Greater China credit scale rating to China-based Internet services provider...
Companies mentioned in this report are: Tencent Holdings Ltd.
Action: New Rating
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Tencent Holdings Ltd.