Prosus gets Baa3 rating from Moody’s

P

Credit rating agency Moody’s gives tech investor Prosus, listed in Amsterdam, Baa3. The outlook is stable, according to Moody’s.

The agency points out, among other things, the great value of the listed assets of Prosus, the leading position as a global consumer internet company and the track record in operating in emerging markets. However, there are risks associated with, among other things, high development costs and integration of acquisitions, with a substantial concentration of assets due to the great importance that Prosus holds in the Chinese Tencent, Moody’s says.

About the author

Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is [email protected]

Add comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

Categories