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惠譽將中國奧園(03883.HK)評級展望降至負面
阿思達克 06-11 16:22
惠譽評級已將中國奧園(03883.HK)的長期外幣發行人違約評級的評級展望自穩定調整至負面,並確認其評級為「BB」,惠譽同時確認奧園的高級無抵押評級及其存續美元高級票據的評級為「BB」級。

該行授予負面展望是基於惠譽認為,2020年末奧園的按比例並表槓桿率自2020年6月末的37.9%升至41.8%,該指標在預測期(截至2024年)內或持續高於40%,為可能觸發惠譽採取負面評級行動的槓桿率。惠譽目前不能確定奧園的隱含現金回款能否在2021年底前止跌回升,亦不能確定2021年奧園為其合資公司及聯營公司提供的擔保金額能否減少。若2021年奧園在上述方面有所改善,惠譽或將其評級前景調整回穩定。

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