LENOVO-GROUP
14.10.2020 13:05:11 CEST | Business Wire | Press release
Following a thorough assessment by the world’s three leading credit rating agencies, Lenovo Group (HKSE: 992) (Pink Sheets: LNVGY) has received strong inaugural investment-grade ratings. Moody’s rated Lenovo ‘Baa3’ with a stable outlook, Standard & Poor’s assigned Lenovo ‘BBB-’ rating with a stable outlook, and Fitch granted the company a ‘BBB-’ with a positive outlook.
These ratings recognize Lenovo’s market leadership, sustainable growth and outlook, coupled with robust financial fundamentals. The agencies highlight their expectation that Lenovo will continue to grow its revenue scale and scope whilst maintaining its profitability, leading position in the PC market and prudent approach to capital spending and investments.
According to Moody’s , the rating reflects the company’s position as a leading PC provider with a long operating history and track record of both organic and inorganic business growth, as well as the company’s diverse and balanced geographic presence, along with excellent financial liquidity.
For Standard & Poor’s , the rating reflects Lenovo’s strong position in the PC market, good supply chain management, geographic diversity in end-demand and manufacturing, and relatively low adjusted debt leverage.
Fitch ’s rating reflects their expectations that Lenovo will continue to maintain its market leadership in the global PC industry with steadily improving profitability, further gains in the worldwide server market, robust software and service revenue, continued positive free cash flow generation and its commitment to use excess cash to pay down debts.
“These strong ratings reflect our track record of delivering sustainable long-term growth,” said Wai-Ming Wong, Chief Financial Officer of Lenovo . “We are committed to continuing the momentum through our core businesses as well as the new services and solutions opportunities presented by our service-led intelligent transformation.”
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 63,000 employees and operating in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we are also leading an Intelligent Transformation – to create better experiences and opportunities for millions of customers around the world. To find out more visit https://www.lenovo.com , follow us on LinkedIn , Facebook , Twitter , YouTube , Instagram , Weibo and read about the latest news via our StoryHub .
View source version on businesswire.com: https://www.businesswire.com/news/home/20201014005477/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Lenovo Technology Powers FIFA World Cup 2026™ Operations and Strengthens AI-Driven Broadcast2.6.2026 15:00:00 CEST | Press release
Lenovo’s Near Real-Time AI Infrastructure Enables IPTV Delivery, Operational Control, and Transformative Fan Experiences at Unprecedented Global Scale Lenovo today announced it is delivering a near real-time AI-powered infrastructure platform for the FIFA World Cup 2026™ to enable ultra-low-latency IPTV (Internet Protocol Television) video distribution in addition to the traditional cable and satellite broadcast, intelligent content delivery, and mission-critical decision-making across the event ecosystem and operations. As the world’s largest sporting event prepares for an unprecedented scale—spanning three host countries, featuring 48 teams, and engaging an estimated 6 billion fans—FIFA, broadcasters, and event operators will benefit from a live, always-on environment designed to perform at the highest level. As FIFA’s Official Technology Partner, Lenovo will deploy servers at the International Broadcast Center in Dallas, Texas, to help deliver the computing power, devices, and AI-dr
High Q Technologies and Creative Biostructure Announce Strategic Partnership Expanding Global Access to Quantum-Enabled EPR Spectroscopy2.6.2026 15:00:00 CEST | Press release
Collaboration Aims to Accelerate Adoption of EPR Spectroscopy in Structural Biology and Drug Discovery High Q Technologies, a developer of quantum-enabled electron paramagnetic resonance (EPR) spectroscopy systems, and Creative Biostructure, a structural biology Contract Research Organization, today announced a strategic partnership to support broader adoption of EPR spectroscopy for studying protein dynamics in pharmaceutical and biotechnology research. EPR spectroscopy is increasingly relevant as drug discovery turns toward disordered, flexible, and disease‑relevant protein systems that cannot be fully understood through static structural methods alone. However, broad adoption of EPR has historically been limited by instrument and workflow complexity, and the need for dedicated technical expertise in experimental design and data interpretation. Leveraging quantum sensor technology, FATHOM® EPR has overcome these challenges. By providing unique measurements of long‑range distances, FA
New Tacton Research Reveals Only 7% of Manufacturers Have Achieved End-to-End Value Chain Connectivity2.6.2026 15:00:00 CEST | Press release
Despite growing digital maturity and AI investment, less than half of manufacturers are confident in their ability to deliver effectively on their sales promise to customers. Tacton, a global leader in Configure, Price, Quote (CPQ) solutions for manufacturers of complex, highly configurable products, today released its annual State of Manufacturing report, revealing that rising product complexity is exposing critical cross-functional gaps despite continued investment in digital transformation and AI. Based on a survey of 280 manufacturing leaders in eight countries, the research found that 67% now describe their products as “very” or “extremely” complex, a 20-point increase in just one year. At the same time, only 7% use the same product configuration rules across every team and system involved in selling and building products, which is critical for reducing margin risk because of siloed functions and data. The report highlights a growing industry reality: while digital transformation
HTEC and Xsolis’ Strategic Partnership to Tackle Inefficiencies in Healthcare Decision-Making with AI2.6.2026 14:38:00 CEST | Press release
Collaboration will accelerate the evolution of Xsolis’ Dragonfly platform, improving how healthcare providers and payers make faster, more aligned care decisions HTEC, the global AI-first engineering and digital product development company, today announced a strategic partnership with Xsolis, an AI-driven technology company that reduces administrative waste by enabling collaboration between healthcare providers and payers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602462348/en/ HTEC, the global AI-first engineering and digital product development company, today announced a strategic partnership with Xsolis, an AI-driven technology company that reduces administrative waste by enabling collaboration between healthcare providers and payers. Across healthcare systems, determining whether a treatment is medically necessary, what level of care a patient requires, and whether that care will be approved remains a slow, manua
Perpetuals Reports $4.5 Billion in UpsideOnly Volume and Signs Exchange Agreement With Datavault AI for Tokenized Commodities2.6.2026 14:00:00 CEST | Press release
UpsideOnly draws more than 30,000 active users from 185 countries in its first two weeksPerpetuals signs exchange agreement with Datavault AI, bringing tokenized gold, copper, geothermal energy, and critical minerals to 24/7 regulated global trading Perpetuals.com Ltd (Nasdaq: PDC) today reported strong early results for its breakout UpsideOnly trading and market prediction platform and announced an agreement with Datavault AI Inc. (Nasdaq: DVLT) to list tokenized real-world commodity assets on the Perpetuals platform. In its first two weeks, traders flocked to the UpsideOnly platform, attracting more than 30,000 active users, generating $4.5 billion in cumulative platform volume across 186,000 fills and 25 instruments. Reflecting the widespread demand for a risk-free product, users came from 185 different countries. Surprisingly, gold was the top instrument with $1.4 billion in volume, outpacing bitcoin at $1.2 billion with precious metals accounting for roughly 35 percent of total pl
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom