We have assigned a new Management&Governance (M&G) assessment of neutral to China-based Tencent Holdings Ltd. The assignment of the M&G assessment follows the January 7 publication of S&P Global Ratings' revised criteria for evaluating the credit risks presented by an entity's M&G framework. (See "Management And Governance Credit Factors For Corporate Entities," published Jan. 7, 2024). Our ratings on Tencent, including our 'A+' issuer credit rating, remain unchanged following the assignment of the new M&G assessment. S&P Global Ratings today assigned a new M&G modifier assessment of neutral to China-based Tencent. The action follows the revision to our criteria for evaluating the credit risks presented by an entity's M&G framework. The terms management and governance encompass the broad
