Fitch assigns Meituan, notes BBB

Fitch Ratings said it gave BBB ratings to Meituan and its proposed dollar-denominated senior unsecured notes, which it plans to use for operating costs, capital expenditures and debt refinancing.

“Meituan’s ratings reflect the company’s leading position as an e-commerce platform for consumer services. Meituan’s strong brand recognition, particularly its wide market share lead in food delivery in China, has attracted a large user base of around 460 million and more than 6 million annual active merchants,” Fitch said in a press release.

The outlook is stable.

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