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In 50 Words: Fitch maintains A+ rating for Tencent, expects ‘steady’ revenue growth
Credit rating agency Fitch has affirmed Tencent’s long-term foreign currency issuer default rating and senior unsecured rating at A+. This means that Fitch expects the Chinese firm to “maintain its strong business profile,” wrote the agency.
Fitch also highlighted Tencent’s “steady” revenue growth as an indicator of its improving profitability.
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