惠譽首予北京汽車(01958.HK)信貸評級BBB+展望穩定
評級機構惠譽公布,首予北京汽車(01958.HK)長期外幣發行人違約評級及高級無抵押評級「BBB+」,展望穩定。按惠譽標準,「BBB+」屬投資級別。報告指,按父系企業評級標準自上而下分析,北京汽車評級與母企北汽集團看齊,源於兩企在經營及戰略上的密切關係。
惠譽表示,料北京汽車旗下中外合營北京奔馳,在中期而言料在內地乘用車市場維持強勢。北京奔馳在內地消費者間有強勁產品渠道及重大品牌價值。由於內地對豪華車款需求強勁,北京奔馳自2017年起對北京汽車貢獻急速擴大。惠譽料豪華及高端汽車板塊仍是內地汽車市場的主要推手,受惠於置換需求及產品升級。北京汽車旗下另一合營為北京現代。
報告認為,合營權益潛在攤薄或帶來風險。北京汽車與平治品牌母企德國戴姆勒及南韓現代汽車的合營協議中期仍會維持。不過,中國計劃持續開放汽車市場,屆2022年或之前撤除本地汽車生產合營中,外資持股上限50%的限制。惠譽稱,北京現代及北京奔馳貢獻北京汽車大部分的收入、盈利及現金流。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.