Chinese e-commerce giant Alibaba Group has received its first debt ratings from international credit agencies.

中国电商巨头阿里巴巴集团获国际信贷机构首次债信评级。

Standard & Poor's and Fitch Ratings rated the notes at investment grade "A-plus", while Moody's Investor Service assigned an equivalent "A1" rating.

The ratings have been issued as part of Alibaba's plan to issue unsecured notes to raise some 8 billion U.S. dollars.

The company does say it will use the new funding to refinance its current debt, which reportedly stands at around 11 billion dollars.