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Stock impact report

Moody's Rating Upgrades MercadoLibre, Inc. (MELI), Here's Why [Yahoo! Finance]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
investment grade, with a Baa3 issuer rating and also upgraded its senior unsecured notes to Baa3 from Ba1, with a stable outlook. This marks a significant step for the company as it is now rated as a low-risk investment. ?The decision stems from MercadoLibre, Inc.'s (NASDAQ:MELI) strong track record. Moody's noted that the company has improved its debt levels, cash flow, and profitability. Moreover, Moody's praised the company's fintech transparency and regulatory steps, including detailed reports on past loan performance, regular filing, and future plans for digital bank licenses in Mexico and Argentina, which could unlock more banking services and credibility. ?In a different update, on December 10, MercadoLibre, Inc. (NASDAQ:MELI) announced its strategic agreement with Agility Robotics to integrate its Digit humanoid robots in the company's facility in San Antonio. Agility Robotics is a leading creator of the humanoid robot Digit, which is the first humanoid robot ready for i Show less Read more
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