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惠譽將深高速(00548.HK)信貸評級列入負面觀察名單
阿思達克 02-24 15:22
評級機構惠譽發表報告,將深高速(00548.HK)長期發行人違約評級「BBB」列入負面觀察名單。這依據其母企深圳國際(00152.HK)長期發行人違約評級「BBB」被列入負面觀察名單。 惠譽稱,列入負面觀察名單反映內地政府全國範圍暫緩徵收路費的決定,致深高速收入風險及監管不確定性增加。考慮到內地新冠病毒疫情持續,暫緩徵收路費旨在促進企業復工及供應鏈修復。交通運輸部指新政自2月17日起生效,直至內地完成壓抑病毒擴散止。 路費業務屬深高速經營現金流的主要來源,惠譽認為,倘沒有及時補償,豁免收費時期延長將損害深高速信貸狀況以至深圳國際整體信貸狀況。影響將取決於豁免收費維持時間,政府提供補貼的時機及具體金額,現時仍不明朗。 惠譽認為,盡管深高速流動性面對一些收緊,但仍強勁,公司持有大量現金及未取用銀行授信額度;相對其經營成本及豁免收費時期的償債安排,公司具有良好融資渠道。
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