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穆迪:將中升控股(0881.HK)評級上調至Baa2 前景展望穩定
格隆匯4月13日丨穆迪今日發佈評級報吿,將中升控股(0881.HK)發行人評級和高級無擔保評級從Baa3上調至Baa2,前景展望修正為穩定。穆迪副總裁兼高級分析師Roy Zhang表示,此次評級上調反映公司領先的市場地位、龐大的經銷商網絡、良好的品牌和市場曝光率、靈活的商業模式和高效的運營管理。中升控股收購華南及西南地區最大的梅賽德斯-奔馳授權經銷集團——仁孚中國,加強了與該集團合作關係,提升了公司在豪車市場的地位。另外,公司維持穩健的財務管理狀況和較低的債務槓桿率,其中2021年收入達1750億元,同比增長18%,穆迪預計,在業績增長和仁孚中國全年整合的支持下,該公司的收入到2022年將增加到2030億元人民幣。截至2021年底,該公司的財務槓桿(以總債務對EBITDA衡量)降至1.5倍,穆迪預計,公司槓桿率在未來12至18個月內將維持在2倍以下。
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