Moody's assigns Baa3 rating to Lenovo's proposed USD notes
Rating Action: Moody's assigns Baa3 rating to Lenovo's proposed USD notes. Global Credit Research- 22 Oct 2020. Hong Kong, October 22, 2020-- Moody's Investors Service has assigned a Baa3 senior unsecured rating to Lenovo Group Limited's proposed USD notes.Lenovo Group is an investment holding company. Through its subsidiaries, Co. is engaged in: manufacturing and distribution of IT products and provision of IT services; manufacturing of computers and peripheral equipment; provision of business planning, management, global supply chain, finance, and administration support services; R&D of mobile software; and distribution of IT products as well as mobile phone, smart phone and tablet, server and storage. Co. also provides a full complement of ENERGY STAR® qualified notebooks, desktops, workstations, monitors, and servers. As of Mar. 31, 2015, Co. oeprated four geographical segments, China, Asia Pacific, Europe-Middle East-Africa and Americas.
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