標普降中國奧園(03883.HK)評級至B 展望負面
評級機構標普發表報告,將中國奧園(03883.HK)長期發行人貸評級由B+降至B,未償還無抵押優先票據的長期發行評級由B降至B-,展望負面,認爲其因經營環境困難而令去槓桿速度變慢,公司收入增長的可見性減弱,且盈利受壓,變現能力受壓,亦令公司在明年面臨流動性風險。
該行指,雖然預期公司仍有能力償還債務,不過對少數權益股東的付款亦進一步增加公司的資金需要,令流動性進一步受收緊,而有關因素已反映在負面展望之中。如果公司流動性進一步轉弱,又或是其債務/EBITDA率維持在8倍以上,將會再次調低公司評級。
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