Moody's: Tencent view to positive

Moody's Investors Service said it changed the outlook for the Baa1 issuer and senior unsecured debt ratings of Tencent Holdings Ltd. to positive from stable.

Both ratings were affirmed.

"The positive outlook reflects Tencent's expanded business profile, as evident over the past year. Furthermore, Moody's believes the company can maintain the current healthy growth momentum of its online games platform business, while gradually monetizing new mobile and social products, such as Wexin/Wechat, via value-added service offerings," Moody's vice president and senior analyst Lina Choi said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.