Contemporary Amperex Technology (03750) international credit rating upgraded
Ningde Times (03750) announced that on June 18, 2026, Fitch Ratings International Limited (referred to as "Fitch" below) released news on its official website regarding the credit rating upgrade of Ningde Times New Energy Technology Co., Ltd. (referred to as "the Company" or "Ningde Times"). Fitch has upgraded the issuer credit rating of Ningde Times from "A-" to "A", with a stable outlook.
Contemporary Amperex Technology (03750) announced on June 18, 2026, that Fitch Ratings International Limited (hereinafter referred to as "Fitch") has published news on its official website about raising the credit rating of Contemporary Amperex Technology, a new energy technology company. Fitch has upgraded the issuer rating of Contemporary Amperex Technology from "A-" to "A", with a stable outlook. Fitch believes that "this rating upgrade reflects the enhanced business performance of Contemporary Amperex Technology, benefiting from strong long-term industry growth prospects, increasingly solid global market leading position, and continuously improving diversification of the end market. At the same time, the rating upgrade also reflects the company's ability to maintain strong financial conditions, including high profitability, robust free cash flow generation ability, and sufficient net cash position."
As of the date of this announcement, the main credit ratings of the company are as follows: (1) Fitch Ratings International Limited's international credit rating for the company is "A"; (2) Moody's rating for the company's international credit rating is "A3"; (3) Standard & Poor's Global Ratings for the company's international credit rating is "A-"; (4) United Credit Ratings Co., Ltd.'s domestic credit rating for the company is "AAA".
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