We expect Zhejiang Geely Holding Group Co. Ltd. to continue to gain market share, supported by good product design, improving quality, and a strong pipeline of new models at its subsidiaries. This is despite uncertainties in global auto demand. In our view, the China-based automaker will maintain modest leverage, thanks to its stable profitability and strong operating cash flows. On March 19, 2019, S&P Global Ratings assigned its 'BBB-' long-term issuer credit rating to Zhejiang Geely Holding. The stable outlook reflects our view that Zhejiang Geely Holding will continue to gradually grow its auto revenue and profit, and sustain moderate leverage over the next 12-24 months, despite a competitive and volatile market. HONG KONG (S&P Global Ratings) March 19, 2019--The rating on Zhejiang Geely Holding reflects our expectation that the company will continue to strengthen its position in the global and China's automotive industry over the next 12-24 mon
