Home > News content

S & P: maintaining Alibaba's A rating Outlook Stability

via:CnBeta     time:2019/12/16 14:00:27     readed:789

Beijing time 16 news, S & P maintained Alibaba's A rating, looking forward to stability. S & P said in a statement that Alibaba will continue to be a prominent leader in China's huge and rapidly growing e-commerce market.S & P said the stable outlook reflected its expectation that it would continue to expand its share of the Chinese e-commerce market and its profit margin would remain strong.

Alibaba cloud - cloud Ambassador promotion activities return cash up to 23-31% per single

The decline in Alibaba's profitability will be stable in the next 24 months. Its EBITDA margin will be reduced from 33% in the fiscal year 2019 to about 30% from the fiscal year 2021, which is due to the transfer of the revenue structure to other non-core business areas with lower margins.

Alibaba's rating will remain constrained by China's sovereign rating, given that it has more than 90% of its revenue in China, the report said. Alibaba's long-term plan is to increase the number of overseas users and revenue contribution, which may help overcome the limitation of sovereign rating in the long run.

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments