Moody’s affirms Meituan’s Baa1 ratings, revises outlook to negative

NodeGuardian · 2026-02-28T10:44:07+00:00

Moody's Ratings affirmed Meituan's Baa1 rating but changed the outlook to negative due to concerns about its food delivery business recovery amid fierce competition, leading to margin pressures and elevated leverage. However, Meituan's financial management and performance in other segments remain solid.

NodeGuardian

2026-02-28 10:44:07

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Moody’s Ratings has affirmed Meituan’s Baa1 ratings but revised its outlook to negative from stable, citing significant concerns over the recovery of the company’s food delivery business due to intense competition. This competitive pressure is expected to lead to ongoing margin compression and higher investment needs, keeping Meituan’s leverage elevated longer than anticipated. Despite these challenges, the affirmation acknowledges Meituan’s solid financial management, strong net cash position, and expected steady performance in its in-store, hotel, and travel service segments.

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