惠譽上調佳源(02768.HK)評級至「CC」
評級機構惠譽將中國房企佳源國際控股(02768.HK)的長期外幣發行人違約評級,自「C」上調至「CC」,同時將其高級無抵押評級自「C」上調至「CC」,回收率評級仍為「RR4」。
惠譽指出,對佳源的評級上調是基於公司在6月2日付息寬限期截止日之前支付了一筆債券的利息,認為佳源將繼續面臨流動性挑戰,原因是該公司2022年下半年和2023年上半年到期的資本市場債務規模和應付利息金額龐大,而其融資渠道可能仍有限,而且銷售業績或仍疲弱。
此外,惠譽認為佳源短期內或無法借助資本市場融資,並預期該公司將依賴自有資金及內部現金流償付到期債務。而控股公司層面最新可用現金餘額僅能覆蓋10月到期的2億美元債券,但將不足以兌付2023年2月到期的1.76億美元債券及2023年4月到期的2.95億美元債券。除償付債券本金,惠譽預計佳源2022年下半年和2023年上半年還需分別支付7,700萬美元和5,300萬美元利息。
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.