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穆迪指發高息債亞洲企業再融資風險將上升
阿思達克 10-28 15:40
信貸評級機構穆迪發表報告,指發行高息債的亞洲企業再融資風險將會上升,反映有關公司貸款質素轉差、融資途徑受限及發債速度減慢,尤其是中國房地產企業。 穆迪指,日本除外亞洲地區的非金融業高息企業,明年起五年內將有2,860億美元債券到期,其中六成在明年及後年內到期,中國房地產企業融資渠道將持續受限,有關企業佔2022至2026年到期亞洲企業高息債64%。該等企業將面對繃緊的信貸規管,並在業界違約情況出現下遇到疲弱的投資情緒。此外,離岸市場債券的價差繼續擴闊或影響部分企業再融資計劃,直至市場情緒正常化。 穆迪又表示,投資者對風險容忍度降低將繼續推動發債人發行更短期債券,使有關企業短期再融資風險高企。
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