Alibaba previously said it was planning to split into six
units and explore fundraisings or listings for most of them, in
a major revamp as China vows to ease a sweeping regulatory
crackdown and support its private enterprises.
Fitch also said that the structural subordination of
Alibaba's current debt will not pose a significant credit risk,
and that the company could unlock value through spin-offs or
IPOs.
(Reporting by Kanjyik Ghosh in Bengaluru; Editing by Kirsten
Donovan)
April 4 (Reuters) - Fitch Ratings on Tuesday said that
it doesn't expect Alibaba Group Holding Limited's new
structure to bring about an immediate change in its credit
profile.
The credit rating agency said that it expected the group's
new governance structure to enhance its ability to respond
rapidly to changes in the market and competition, improve
management accountability and increase transparency to
regulatory authorities.
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