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惠誉将中国奥园(03883.HK)评级展望降至负面
阿思达克 06-11 16:22
惠誉评级已将中国奥园(03883.HK)的长期外币发行人违约评级的评级展望自稳定调整至负面,并确认其评级为「BB」,惠誉同时确认奥园的高级无抵押评级及其存续美元高级票据的评级为「BB」级。

该行授予负面展望是基於惠誉认为,2020年末奥园的按比例并表杠杆率自2020年6月末的37.9%升至41.8%,该指标在预测期(截至2024年)内或持续高於40%,为可能触发惠誉采取负面评级行动的杠杆率。惠誉目前不能确定奥园的隐含现金回款能否在2021年底前止跌回升,亦不能确定2021年奥园为其合资公司及联营公司提供的担保金额能否减少。若2021年奥园在上述方面有所改善,惠誉或将其评级前景调整回稳定。

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