Ningde Times announced that S&P upgraded the long-term principal credit rating of the Ningde era and the long-term debt rating of senior unsecured bonds guaranteed by the Ningde Era from “BBB+” to “A-”. The rating outlook is “stable.” According to S&P, “The Ningde Era will maintain its leading position in the global battery industry. As business growth drives profits, the expansion's cash flow will be sufficient to cover its capital expenses. The company should be able to maintain a net cash position for the next 24 months”.
宁德时代：公司主体及债券信用评级上调
The Ningde Era: Credit Ratings of Company Entities and Bonds Increased
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