标普确认腾讯(00700.HK)高级无抵押票据「A+」评级
评级机构标准普尔给予腾讯(00700.HK)拟发行的高级无抵押票据「A+」长期发行评级。该票据将根据其300亿美元的中期票据计划发行。
标普发表报告指,发行票据的评级与腾讯的发行人信用评级相同,反映公司强劲的现金流和资本结构中的最低优先级借款。报告预计腾讯的今年收入增长放缓至15%至20%,主要由於疫情带动收入的影响逐渐消退,但在线应用和支出的上升仍能支持公司各项业务的增长。
对於中国加强对反垄断和金融科技行业的监管审查。标普认为,可能会影响腾讯的增长和盈利能力,而监管机构加强对在线业务审查,或会对并购交易带来更多障碍,并增加小型互联网公司的竞争,但相信腾讯庞大的财务空间应能为可能会发生的监管行动提供足够的缓冲。
报告提到,基於稳健的增长和现金流,未来24个月,腾讯调整後的债务对息税折旧摊销前利润比率应远低於1.5倍。而去年公司的债务杠杆率约为0.4倍。
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