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惠譽下調佳兆業(01638.HK)信貸評級至「CCC+」
阿思達克 10-28 10:15
評級機構惠譽表示,將佳兆業(01638.HK)長期外幣發行人違約評級(IDR)由「B」下調兩級至「CCC+」,並將其高級無抵押貸款評級及未償還美元高級票據評級由「B」下調至「CCC+」,復甦評級維持在「RR4」不變。 惠譽解釋,下調評級反映佳兆業融資渠道有限,鑑於資本市場持續波動,大量美元債券的再融資及到2022年的息票支付再融資存在不確定性。 惠譽指出,佳兆業少數股權項目佔比較高,合併資產負債表上的現金並非都可用於償還控股公司的債務,風險因此提升。 該行預期,佳兆業未來將要專注於解決債務到期問題,經營情況將受到影響,或能需要減少土地收購,可能導致土地儲備可使用年期由今年的3年,降至2023年的2.3年。
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