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惠譽上調中升(00881.HK)信貸評級至「BBB」 展望穩定
阿思達克 06-10 12:02
評級機構惠譽表示,已將中升控股(00881.HK)的長期發行人違約評級和高級無抵押評級由「BBB-」上調至「BBB」,展望穩定。 惠譽指,今次評級上調反映中升財務狀況有所改善且擁有強勁的自由現金流生成能力。惠譽預期,中升集團不斷發展的高端汽車品牌業務模式以及逐步擴張的二手車銷售業務能夠支撐其收入增長。此外,該公司強勁的自由現金流應有助於令其淨槓桿率保持在兩倍以下。 中升的評級受到其在中國汽車經銷商行業的領先地位及以往審慎的財務管理的支撐。中升與日本和德國的高端汽車製造商關係密切,且可能會從中國消費者對高檔汽車不斷增長的需求中獲益。至於公司的評級制約因素在於汽車經銷商行業分化嚴重且新車銷售盈利能力疲弱。
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