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穆迪:中國水泥商信用質量穩固 可抵禦市場波動
格隆匯 03-11 15:29

穆迪最新發布的報吿指,過去幾年,中國多數大型水泥生產商利用運營現金流來償還債務,因此其資本結構已顯著改善,從而支持其信用質量,能夠抵禦未來的市場下行。

穆迪認為,由於生產和需求穩定,水泥價格仍將居高不下,預計今年這一情況仍將會持續。即使水泥價格下跌20%,受評企業包括海螺水泥(0914.HK)(600585.SH)、西部水泥(2233.HK)和華新水泥(600801.SH)的槓桿率仍將低於上一次2015年的盈利能力谷底時期。

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