Gelonghui May 9| Ningde Times Announcementwrestlefestarcade, Standard & Poor's upgraded the long-term subject credit rating of Ningde Times and the long-term debt rating of senior unsecured bonds guaranteed by Ningde Times from "BBB+" to "A-", with a rating outlook of "stable". Standard & Poor's believes that "Ningde Times will maintain its leading position in the global battery industry. As business growth drives higher profits, expanded cash flow will be enough to cover its capital expenditures. The company should be able to maintain a net cash position over the next 24 months."
