CreditSights maintained its "outperform" recommendation on Alibaba after its overhaul of business structure, adding that the plans will not have much of an impact on the company's credit.
"We think that the corporate reorganization reduces the risk of cash burn for Alibaba to fund unprofitable business lines," the note added. Fitch reiterated both companies' ratings at BBB- in the release. Shares of Adani Transmission fell 0.5% in Wednesday's trade in Mumbai, while Adani Ports and Special Economic Zone rose by more than 5%.raisedThe central bank said the Thai economy is expected to continue to expand, driven by tourism and private consumption, while noting heightened uncertainty over the recent turmoil around banks in the U.S. and Europe.
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Next bank failure coming in 3-2-1...
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