穆迪:中国水泥生产商资本结构稳固 可抵御市场波动
评级机构穆迪表示,在产品价格持续高企及需求稳定下,中国水泥生产商已强化资本结构,将能够抵御市场波动。
穆迪指,过去几年中国多数大型水泥生产商利用运营现金流来还债,其资本结构已显着改善,上述企业的资本负债比率及债务对EBITDA比率均已下降,信用质量提升,可应对市场下行的影响。
穆迪预期,市场需求加上基建项目,支持水泥价格维持高水平,政府针对减少过剩产能和减排的政策亦将令今年水泥产量保持稳定。
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