
Moody's has upgraded AAC TECH's issuer rating to Baa2 and changed the outlook to stable
The rating agency Moody's has upgraded the issuer rating and senior unsecured rating of AAC TECH (02018.HK) from Baa3 to Baa2, with the outlook revised from positive to stable.
Wang Ying, Vice President and Senior Analyst at Moody's, stated that this rating upgrade reflects AAC TECH's ongoing diversification of its revenue sources and customer base, as well as its continuous enhancement of its core product portfolio, which supports sustained revenue growth and improved overall profit margins.
Wang Ying added that this upgrade also takes into account AAC TECH's consistent prudent financial management, including rigorous investments, a stable dividend policy, and effective working capital management, which contribute to generating stable free cash flow and reducing leverage levels

