Acer given ‘stable’ credit outlook‘FASTER GROWTH’: Acer, which has a 6.9 percent share of the global PC market, could take advantage of the growing Chromebook demand to retain its placeBy Chen Cheng-hui / Staff reporterTaiwan Ratings Corp (中華信評) on Thursday affirmed its long-term “twA” and short-term “twA-1”’ credit ratings for Acer Inc (宏碁), with a stable credit outlook for the PC vendor. The credit rating of a corporation is a financial indicator to potential investors of debt securities such as bonds. “However, Acer could take advantage of fast-growing gaming PC and Chromebook demand to sustain its market share with moderately strengthening profitability over the next two years,” it added. Acer secured a 6.9 percent share of the global PC market last year, up from 6.4 percent in 2019, International Data Corp has said. Acer remains positive for the global PC market this year, as PC demand is still far greater than supply, chairman Jason Chen (陳俊聖) said on Wednesday, local Chinese-language media reported.

Source: Taipei Times March 07, 2021 15:56 UTC