Big league: A Tesla dealership in California. Moody’s boosted Tesla to the highest junk rating, citing improving profitability and business-scale prospects. — Bloomberg
TEXAS: Moody’s Investors Service Inc’s move to ramp up Tesla Inc’s credit rating to the cusp of investment grade is bolstering expectations that the famous electric vehicle maker will secure blue-chip status as soon as early next year.
The agency boosted Tesla by two notches to the highest junk rating of Ba1 on Monday, citing improving profitability and business-scale prospects.
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