穆迪:明年上半年民企将面临债券到期高峰
评级机构穆迪表示,今年民企增加短期债务的发行,导致2021年上半年即将面临债券到期高峰。部分信用实力最弱的民企的基本面仍然承压,加上市场流动性或减退,投资者的避险情绪依然存在,未来数月财务实力较弱的民营企业可能会失去境内债券市场的融资渠道。
穆迪指,疫情对各行业均产生了负面影响,信用实力较弱的民企明年未必能显着改善其财务状况和现金流生成能力,随着未来12个月中国经济继续从疫情造成的经济滑坡中复苏,政府的信贷宽松措施的力度可能不如2020年上半年,令民企将要面临更大的流动性和再融资困难。
穆迪又指,全球低利率环境以及人民币对美元汇率的韧性,将令外资流入中国境内债券市场的规模有所增加。
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.