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Moody's may upgrade China Mobile

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Moody's Investors Service has placed China Mobile under review for a possible upgrade due to its stronger financial profile.

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The credit ratings agency yesterday said China Mobile, the world's largest mobile carrier with 160 million users, had demonstrated its ability to manage growth - both organic and through acquisitions - leading to a more sustainable business.

'This places China Mobile in a very strong competitive position, which is unlikely to erode over the medium term,' Moody's said.

It has a Baa1 rating for the company.

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