Research Update: JD.com 'BBB+' Rating Affirmed On Resilient Business Model; Outlook Positive - S&P Global Ratings’ Credit Research

Research Update: JD.com 'BBB+' Rating Affirmed On Resilient Business Model; Outlook Positive

Research Update: JD.com 'BBB+' Rating Affirmed On Resilient Business Model; Outlook Positive - S&P Global Ratings’ Credit Research
Research Update: JD.com 'BBB+' Rating Affirmed On Resilient Business Model; Outlook Positive
Published Jun 07, 2022
8 pages (3261 words) — Published Jun 07, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We believe JD.com Inc.'s business fundamentals remains intact despite significant COVID-19-related disruptions since early this year, and could very well be strengthening. JD.com should bounce back from a weak second quarter. However, its performance will be softer than our original forecast because we believe COVID restrictions have hit consumer sentiment. On June 7, 2022, S&P Global Ratings affirmed its 'BBB+' long-term issuer credit rating on JD.com and the 'BBB+' long-term issue rating on the senior unsecured notes issued by the China-based e-commerce company. The positive outlook reflects our view that JD.com's market position in retail and logistics is likely to strengthen over the next 12 months despite disruptions caused by COVID-related restrictions. Additionally, JD.com is further distancing itself from competitors

  
Brief Excerpt:

...- We believe JD.com Inc.'s business fundamentals remains intact despite significant COVID-19-related disruptions since early this year, and could very well be strengthening. - JD.com should bounce back from a weak second quarter. However, its performance will be softer than our original forecast because we believe COVID restrictions have hit consumer sentiment. - On June 7, 2022, S&P Global Ratings affirmed its '###+' long-term issuer credit rating on JD.com and the '###+' long-term issue rating on the senior unsecured notes issued by the China-based e-commerce company. - The positive outlook reflects our view that JD.com's market position in retail and logistics is likely to strengthen over the next 12 months despite disruptions caused by COVID-related restrictions....

  
Report Type:

Research Update

Issuer
JD.com Inc.
Sector
Global Issuers
Country
Cayman Islands
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: JD.com 'BBB+' Rating Affirmed On Resilient Business Model; Outlook Positive" Jun 07, 2022. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-JD-com-BBB-Rating-Affirmed-On-Resilient-Business-Model-Outlook-Positive-2849998>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: JD.com 'BBB+' Rating Affirmed On Resilient Business Model; Outlook Positive Jun 07, 2022. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-JD-com-BBB-Rating-Affirmed-On-Resilient-Business-Model-Outlook-Positive-2849998>
  
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