Moody’s Ratings upgrades Grab’s CFR to B1; outlook...

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2024-11-18 07:19:11

Moody’s Ratings upgrades Grab’s CFR to B1; outlook remains positive

Moody’s Ratings has upgraded the corporate family rating (CFR) of Grab Holdings Inc to B1 from B2 and maintained the positive outlook. Moody’s said in a note on Monday the rating upgrade reflects its view that Grab will generate positive earnings and cash flows on a sustained basis. “Although its nascent digital banking operations are currently incurring losses, this is...

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