惠譽下調唯品會(VIPS.US)信貸評級至「BBB」 展望穩定
評級機構惠譽將唯品會(VIPS.US)的長期發行人違約評級(IDR)及高級無抵押評級從「BBB+」下調至「BBB」,IDR展望為穩定。評級下調主要反映惠譽認為中國零售行業競爭格局出現結構性變化,看淡增長前景,預期競爭風險將加劇。
惠譽指出,唯品會專注於服裝相關等消費非必需品,市場消費行為快速轉變可能會導致其收入和盈利能力出現波動,但預期公司具有較強大資產負債表及自由現金流水平,應可應對潛在挑戰。
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