Tesla has been rated by S&P Global and Moody's has given investment grade status.
(European News Agency)
[Financial Channel/Comprehensive Report] Although Tesla (Tesla) stock has always been highly sought after by the market, it has been unable to gain favor from credit rating agencies for a long time, but the situation is different now. Following S&P Global Ratings (S&P After Global Ratings, Moody's became the second company to give Tesla an investment grade, got rid of the junk-rated Tesla, and officially entered the door of blue chip stocks (also known as weight stocks).
Moody's on Monday (20th) raised Tesla's credit rating from "Ba1" to "Baa3", the lowest level of investment grade (investment grade), below "Baa3" is speculative grade, also known as junk bonds , with a "stable" outlook.
S&P Global also upgraded Tesla from "BB+" to "BBB" last October.
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Moody’s move is of great significance to Tesla. Traditionally, among investors who are sensitive to ratings, when a stock has obtained high-rating certificates from at least two institutions, it is enough to be officially regarded as a blue chip stock. The difference between whether a company's credit rating is investment grade or junk is important because pension funds and institutional investors tend to only buy investment-grade corporate debt.
Tesla delivered outstanding results last year, delivering more than 1.3 million vehicles for the year, a new high, and an operating profit margin of about 17%, far ahead of major automakers such as Toyota.
Tesla shares rose $3.12, or 1.73%, to close at $183.25 on Monday.
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