JD.com Outlook Revised To Positive On Improving Market Position; 'BBB' Rating Affirmed - S&P Global Ratings’ Credit Research

JD.com Outlook Revised To Positive On Improving Market Position; 'BBB' Rating Affirmed

JD.com Outlook Revised To Positive On Improving Market Position; 'BBB' Rating Affirmed - S&P Global Ratings’ Credit Research
JD.com Outlook Revised To Positive On Improving Market Position; 'BBB' Rating Affirmed
Published Sep 03, 2020
4 pages (2081 words) — Published Sep 03, 2020
Price US$ 150.00  |  Buy this Report Now

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Abstract:

JD.com Inc.'s market position will continue to strengthen on increased product diversity, supported by growth in the non-electronic and logistics segments, and improved service quality. We expect the China-based e-commerce company's prudent financial policy to support a net cash position over the next 12-24 months. On Sept. 3, 2020, S&P Global Ratings revised its outlook on JD.com to positive from stable. At the same time, we affirmed our long-term issuer credit rating on the company and our long-term issue ratings on its senior unsecured notes at 'BBB'. The positive outlook reflects our expectation that JD.com will experience healthy revenue and EBITDA growth thanks to greater product diversity and increasing economies of scale. HONG KONG (S&P Global Ratings) Sept. 3, 2020--S&P

  
Brief Excerpt:

...September 3, 2020 - JD.com Inc.'s market position will continue to strengthen on increased product diversity, supported by growth in the non-electronic and logistics segments, and improved service quality. - We expect the China-based e-commerce company's prudent financial policy to support a net cash position over the next 12-24 months. - On Sept. 3, 2020, S&P Global Ratings revised its outlook on JD.com to positive from stable. At the same time, we affirmed our long-term issuer credit rating on the company and our long-term issue ratings on its senior unsecured notes at '###'. - The positive outlook reflects our expectation that JD.com will experience healthy revenue and EBITDA growth thanks to greater product diversity and increasing economies of scale. HONG KONG (S&P Global Ratings) Sept. 3, 2020--S&P Global Ratings today took the rating actions listed above. We revised the outlook to positive because we expect JD.com's revenue and EBITDA to grow strongly over the next 12-24 months,...

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers
Country
Region
Latin America
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "JD.com Outlook Revised To Positive On Improving Market Position; 'BBB' Rating Affirmed" Sep 03, 2020. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/JD-com-Outlook-Revised-To-Positive-On-Improving-Market-Position-BBB-Rating-Affirmed-2506808>
  
APA:
S&P Global Ratings’ Credit Research. (). JD.com Outlook Revised To Positive On Improving Market Position; 'BBB' Rating Affirmed Sep 03, 2020. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/JD-com-Outlook-Revised-To-Positive-On-Improving-Market-Position-BBB-Rating-Affirmed-2506808>
  
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