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Moody's Revises AAC TECH Outlook to Positive, Affirms Baa2 Credit Rating
2026-11-12 14:25:56
Moody's affirmed the Baa2 issuer rating and senior unsecured rating of AAC TECH (02018.HK), while revising the rating outlook from stable to positive.

Moody's Vice President Ying Wang said the positive outlook and rating affirmation reflect AAC TECH's resilient performance in its core product segments and its continued diversification into AI-related components amid the accelerating adoption of artificial intelligence. These factors will support sustained revenue growth and stable profitability over the next 12-18 months.

Wang added that the rating action also reflects AAC TECH's consistently prudent financial management, including disciplined investments, a stable dividend policy and effective working capital management. These strengths support stable free cash flow generation and low leverage levels.
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