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惠誉将越秀交通(01052.HK)信贷评级列入负面观察名单
阿思达克 02-24 15:46
评级机构惠誉发表报告,将越秀交通基建(01052.HK)长期本外币发行人违约评级「BBB-」列入负面观察名单。 惠誉称,列入负面观察名单反映内地政府全国范围暂缓徵收路费的决定,致越秀交通收入减少,及致其杠杆增加,减慢去杠杆进展。考虑到内地新冠病毒疫情持续,暂缓徵收路费旨在促进企业复工及供应链修复。交通运输部指新政自2月17日起生效,直至内地完成压抑病毒扩散止。报告称,影响将取决於豁免收费维持时间,政府提供补贴的时机及具体金额,现时仍不明朗。 此外,惠誉认为,越秀交通旗下收费公路车流量复苏将较其同业为慢,主因公司湖北业务占比较大。这将导致其去杠杆工作更具挑战。 不过,该行称,即使短期越秀交通面对流动性收紧,未来最少6至12个月风险仍可控,因公司持有大量现金及良好融资渠道。另外,越秀交通计划中的资本开支较小,公司更可推迟,以纾缓疫情影响。
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