Fitch Ratings has upgraded Lenovo Group Limited’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) and senior unsecured rating to ‘BBB’ from ‘BBB-‘.
Lenovo announces record Group revenue in the third quarter of US$17.2 billion, up 22% year-on-year.
Lenovo today filed to the stock exchange of Hong Kong that the board of directors of the company has approved the proposed issuance of Chinese depositary receipts (“CDRs”) and the application for listing and trading of the CDRs on the Science and Technology Innovation Board of the Shanghai Stock Exchange (the “STAR Market).
Lenovo announces record Group revenue in the second quarter of US$14.5 billion, up 7% year-on-year and with all businesses showing strong growth.
Lenovo announced the successful completion of a debut 144A/Reg S offering of US$1 billion 10-year senior unsecured notes.
Lenovo granted strong investment-grade ratings by the world’s three leading credit rating agencies, Standard & Poor’s, Moody’s and Fitch.