You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
惠譽下調佳兆業(01638.HK)評級至「CCC-」
阿思達克 11-09 15:37
評級機構惠譽表示,將佳兆業(01638.HK)的長期外幣發行人違約評級(IDR)由「CCC+」下調至兩級至「CCC-」,高級無抵押貸款評級從「CCC+」下調至「CCC-」,回收率評級維持在「RR4」不變。 惠譽解釋,評級下調反映該行認爲佳兆業流動性進一步惡化,信用風險較高,流動性緊張、理財產品債務未披露,同時公司目前正面對要解決非資本市場債務、合同銷售額下降及資產處置進展有限的潛在壓力。 惠譽指,佳兆業目前至2022年底有大量到期債務,美元債券息票相當可觀,每年達約10億美元,而2020年房地產業務隱含回款額僅620億元人民幣。惠譽認爲,佳兆業上半年現金總額480億元人民幣中有超過60%用於其項目建設或償還銀行及借款,意味着現金可能無法匯到控股公司,公司可能無法及時處理離岸及資本市場債務的風險提升。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account