Moody's announced that it has upgraded the issuer rating and senior unsecured rating of JD-SW (09618.HK) +0.800 (+0.716%) Short selling $498.74M; Ratio 25.696% (JD.US) to "A3" from "Baa1" and revised the outlook from Positive to Stable.Shawn Xiong, Vice President and Senior Analyst at Moody's, said the upgrade and stable outlook are to reflect JD's leading position in China's e-commerce market. The group's unique and resilient business model, supported by strong supply chain capabilities, economies of scale and prudent financial policies, has been recognised as enabling the group to maintain low leverage and a strong net cash position.Related NewsBOCI Expects JD-SW to Be Key Beneficiary of Home Appliance 'Trade-In' Policy; Top Pick TENCENT for Internet SectorMoody's forecasted that JD's core retail business will grow at a flat or modest pace, and expected the group's revenue to grow by around 5% over the next 12 to 18 months as it focuses more on developing its third-party business, increasing the number of third-party merchants, and with an increased revenue contribution from JD LOGISTICS (02618.HK) -0.100 (-0.971%) Short selling $10.58M; Ratio 6.401% . Furthermore, driven by effective cost control, increasing operational efficiency and a continuously improving product portfolio, the rating agency projected JD's adjusted EBITDA margin to remain at about 6% for the next 12 to 18 months.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-20 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)