17 July, 2024 – Moody’s Scores (Moody’s) has affirmed the Baa2 issuer and senior unsecured scores of Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY), and maintained the steady outlook.
In keeping with the report from Moody’s, Lenovo’s Baa2 issuer ranking displays the corporate’s lengthy working historical past and observe document of natural and inorganic enterprise progress; main place as a PC supplier; and various geographic publicity when it comes to income era and operations.
“The ranking affirmation displays Lenovo’s prudent monetary coverage, which has allowed the corporate to keep up a powerful monetary profile with low leverage and wonderful liquidity, regardless of a income decline ensuing from slower demand in international PCs over the previous few years. We additionally anticipate the corporate to maintain its sturdy credit score profile by sustaining its main market place in PCs, supported by regular international demand for PCs and its rising smartphone, server and expertise answer companies over the subsequent 12-18 months,” in keeping with Moody’s.
This affirmation adopted the newest business report printed by the Worldwide Information Company (IDC) final week, stating that Lenovo maintains the primary place within the international PC market with a market share of twenty-two.7%, and its unit cargo progress has surpassed the general market progress.
Along with Moody’s Scores, Lenovo is at present rated ‘BBB’ by Fitch with a steady outlook, and ‘BBB’ by S&P World Ranking with a steady outlook. Lenovo additionally maintains the very best AAA rating in MSCI ESG Scores.
About Lenovo
Lenovo is a US$57 billion income international expertise powerhouse, ranked #217 within the Fortune World 500, and serving thousands and thousands of shoppers every single day in 180 markets. Centered on a daring imaginative and prescient to ship Smarter Expertise for All, Lenovo has constructed on its success because the world’s largest PC firm with a pocket-to cloud portfolio of AI-enabled, AI-ready, and AI-optimized units (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and providers. Lenovo’s continued funding in world-changing innovation is constructing a extra equitable, reliable, and smarter future for everybody, in all places. Lenovo is listed on the Hong Kong inventory alternate beneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To search out out extra go to https://www.lenovo.com, and browse in regards to the newest information by way of our StoryHub.
