S&P: Alibaba’s New Bank Loans Will Not Impact Credit Rating

Despite media reports of Alibaba Group Holding Ltd.'s plans to take on additional US$3 billion to $4 billion bank loans, Standard & Poor's Ratings says it will keep the e-commerce giant's credit rating at A+ with a stable outlook. S&P forecasts Alibaba's gross debt will increase to RMB70 billion to RMB80 billion as of the […]

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