![[UPDATED] Moody's, S&P project Grab's losses, and cash burn to continue well into 2023](https://media.dealstreetasia.com/uploads/2019/04/ming-maa.jpg?fit=976,547&resize=1920,undefined&q=75)
Global rating agencies Moody’s and S&P Global have projected that Grab’s losses and cash burn will continue well into 2023 due to stiff competition from regional players such as Gojek and FoodPanda.
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