Corporate News

Moody’s has upgraded the issuer rating and senior unsecured rating of Lenovo Group (HKSE: 992) (ADR: LNVGY) to Baa2 with a stable outlook, from Baa3 with a positive outlook to reflect improved credit profile in terms of leverage, driven by debt reduction and a higher level of EBITDA.

Lenovo announced record Q3 announced record quarterly results for the Group, with historic highs for both profit and revenue and the Group’s first US$20 billion quarter.

Lenovo will be included as a constituent stock on the Hang Seng Index – Hong Kong’s benchmark stock gauge, effective March 7^th 2022.

Fortune magazine published its annual list of the World’s Most Admired Companies, with Lenovo ranked at fifth, climbing from tenth position, for companies in the broad computing industry category.