穆迪降融創(01918.HK)信貸評級至「Ca」 展望負面
評級機構穆迪發表報告,將停牌中的融創中國(01918.HK)企業家族評級(CFR)由「Caa1」降至「Ca」,展望維持「負面」。
穆迪副總裁兼高級分析師Kelly Chen表示,評級下調反映了在發生付息違約後,穆迪對融創債券持有人回收率前景的疲軟預期。展望「負面」則反映了穆迪的觀點,即融創債權人的回收率前景可能進一步走弱。
融創中國於5月12日宣佈,未能在30天寬限期內前支付2023年10月到期7.95%優先票據的票息,此舉可能引發交叉違約和其他債務的加速償還。穆迪認爲,融創很可能會經歷債務重組流程,並被迫依靠資產處置或潛在投資者的投資來獲得償債資金。但此類融資活動存在較高的執行風險,因此債權人的回收率前景仍不明朗。
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