China's Ant Group appoints new president in biggest reshuffle since regulatory revamp
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Gimme Credit reaffirms underperform rating on Alibaba (BABA) bonds
March 19, 2024 1:59 PM EDTOn Tuesday, corporate bond research firm Gimme Credit maintained its Underperform rating on Alibaba (NYSE: BABA) bonds, despite noting the company's solid cash generation, which allows it to service its debt comfortably.
The firm noted that Alibaba's stock has faced significant pressure over the past three years, and its third-quarter earnings call last month did not present a convincing case for improved earnings growth, leaving bondholders with little expectation of meaningful upside.
Alibaba's management has been exploring... More
