惠誉上调佳源(02768.HK)评级至「CC」
评级机构惠誉将中国房企佳源国际控股(02768.HK)的长期外币发行人违约评级,自「C」上调至「CC」,同时将其高级无抵押评级自「C」上调至「CC」,回收率评级仍为「RR4」。
惠誉指出,对佳源的评级上调是基于公司在6月2日付息宽限期截止日之前支付了一笔债券的利息,认为佳源将继续面临流动性挑战,原因是该公司2022年下半年和2023年上半年到期的资本市场债务规模和应付利息金额庞大,而其融资渠道可能仍有限,而且销售业绩或仍疲弱。
此外,惠誉认为佳源短期内或无法借助资本市场融资,并预期该公司将依赖自有资金及内部现金流偿付到期债务。而控股公司层面最新可用现金余额仅能覆盖10月到期的2亿美元债券,但将不足以兑付2023年2月到期的1.76亿美元债券及2023年4月到期的2.95亿美元债券。除偿付债券本金,惠誉预计佳源2022年下半年和2023年上半年还需分别支付7,700万美元和5,300万美元利息。
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.