標普確認美團(03690.HK)主體信用評級「BBB-」 展望「負面」
標普確認美團(03690.HK)主體信用評級及其債項評級「BBB-」,評級展望「負面」,反映2023年之前,公司能否實現正的自由經營性現金流仍存在明顯風險。
標普表示,美團大舉投資社區團購業務「美團優選」,可能會繼續產生大量虧損和現金流出,預期美團優選的虧損縮小,穩固的餐飲外賣和到店業務的業績改善,以及持有大量現金餘額,緩解了這些風險。
標普認為,圍繞反壟斷和數據保密的監管風險高企,但是其對美團的財務影響應較溫和,除了近期被處罰款,監管變化將導致公司的餐飲外賣業務的利潤率下降。
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