Fitch says Alibaba’s new structure will not impact credit profile

Fitch says Alibaba’s new structure will not impact credit profile

FILE PHOTO: Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid

Fitch Ratings on Tuesday said that it doesn’t expect Alibaba Group Holding Limited’s new structure to bring about an immediate change in its credit profile.