Moody's: Geely's expectation of improved profits supports its Ba2 ratings
Hong Kong, January 09, 2017-- Moody's Investors Service says that Geely Automobile Holdings Limited's positive alert for its consolidated net profit in 2016 supports its Ba2 corporate family and senior unsecured bond ratings. The ratings outlook remains positive. "Geely's announcement of a positive profit alert for its results for 2016-- compared with 2015-- is consistent with Moody's expectations," says Gerwin Ho, a Moody's Vice President and Senior Analyst.
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