US Stock Market Move | New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) rises over 3% Moody's Corporation: Confirms "Ba1" corporate family rating, outlook adjusted to "positive"

On Tuesday, New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) rose over 3% to $59.93. In terms of news, on October 20th, Moody's Corporation confirmed the "Ba1" corporate family rating of New Oriental Education & Technology Group, Inc. Sponsored ADR and changed its outlook from stable to positive. Moody's Corporation Vice President and Senior Analyst Shawn Xiong said: "The positive outlook reflects New Oriental Education & Technology Group, Inc. Sponsored ADR's strong track record of successfully recovering and further expanding its business scale and scope in economic cycles and regulatory changes, while maintaining robust financial indicators for its current rating category." Xiong added: "Moody's Corporation expects the company to continue to adhere to its prudent financial policies while developing its business, maintaining a strong balance sheet and good liquidity."