GO
| HSI1 | 25,249.48 | -518.60 | 364.30B |
| HSCEI1 | 8,483.95 | -124.76 | 121.32B |
| Back Zoom + Zoom - Block Traded | |
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S&P Lowers MEITUAN-W Credit Rating to BBB+ with Negative Outlook
2026-03-04 16:02:43 S&P Global Ratings announced the downgrade of the issuer credit rating on MEITUAN-W (03690.HK) from A- to BBB+, and downgrade of the issue rating of the company's outstanding debt to BBB+, with a negative outlook. S&P believed that the ability of Chinese online retailer Meituan to defend and expand its market share has dropped, partly due to BABA-W (09988.HK)'s determination to establish a strong presence in the on-demand delivery market. The rating agency viewed that competition across multiple business areas will suppress Meituan's profitability and cash flow generation. ~ AASTOCKS Financial News Website: www.aastocks.com | |