Tesla’s Debt Rating Upgraded by Moody’s, Outlook Positive
January 25 2022 - 05:08AM
TipRanks
The debt rating and the probability of default rating of Tesla
Inc. (NASDAQ: TSLA) have been upgraded by Moody's
Investors Service, the rating arm of Moody's Corporation
(MCO). The rating firm’s outlook for this well-known EV
stock is “positive." The debt rating of Tesla has been
upgraded to Ba1 from Ba3 and the probability of default rating to
Ba1-PD from Ba3-PD. Rationale behind the Upgrade &
Positive Outlook The rating upgrade and positive
outlook came on the back of Moody's expectation for Tesla that
it will remain a top manufacturer of battery electric vehicles,
with a strong footprint in the U.S., Europe, and China.
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