惠譽上調紫金礦業(02899.HK)評級至「BBB-」 展望穩定
惠譽發表評級報告,將紫金礦業(02899.HK)長期發行人違約評級和高級無抵押評級自「BB+」上調至「BBB-」,展望穩定。
報告指出,評級上調是基於紫金礦業在國內外主要銅礦及礦山增產的推動下實現了去槓桿,且收購阿根廷3Q鋰鹽湖項目,有助於該公司實現向碳酸鋰業務的多元化拓展。
鑑於黃金和銅礦產量提升以及全球大宗商品價格堅挺,惠譽認為紫金礦業的EBITDA及經營性現金流生成能力將保持強勁,從而為公司提供充裕空間,以滿足未開發項目資本支出需求並開展項目收購,同時將淨債務與EBITDA的比率保持在2倍以下,公司擁有多元化的金屬業務組合、低成本優勢以及高收益資產,礦山服務年限長,這些因素對該公司的評級亦形成支撐。
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