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惠譽首予聯想集團(00992.HK)信貸評級BBB- 展望正面
阿思達克 10-15 09:42
評級機構惠譽予聯想集團(00992.HK)「BBB-」長期外幣和本幣發行人違約評級,展望正面。

該行指出,預計聯想集團將保持在全球PC市場的領先地位,盈利能力穩步改善,在全球服務器市場上的收入增加,軟件和服務業務營收穩健提高,自由現金流持續為正數,且承諾使用多餘現金減少債務。

惠譽又稱,隨著服務業務貢獻度的提高、產生的現金增加以及非PC業務虧損的減少,截至2023年3月31日的財務年度(2023財年)聯想集團的營運現金流(FFO)槓桿率將降至2.5倍以下且經營性EBIT利潤率將趨於4%。這應能證明聯想管理層的戰略令該公司的信用狀況可持續且有所改善,進而將令其評級獲得上調。但是,鑑於全球經濟的不確定性且地緣政治風險有所加劇,未來12個月內惠譽不太可能上調聯想的評級。

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