Moody’s-adjusted leverage typically uses metrics like debt/EBITDA. From the provided data, 2022 shows strong improvement in profitability and cash flows compared with 2021; however, long-term borrowings increased from 31.5b to 60.45b, and total liabilities rose, which could pressure leverage. Yet EBITDA (operating profit after adjustments) rose from 16.2b to 19.8b, and cash flows from operating activities remained positive at about 11.92b, with significant debt financing but also asset growth. Overall, the combination suggests pressure from higher borrowing while earnings improved, making the trend less favorable but not clearly deteriorating given strong cash generation. I would classify as Stable. 
<answer>Stable</answer>