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標普維持港鐵(00066.HK)「AA+/A-1+」評級 展望穩定 獨立信用狀況重回「aa-」
阿思達克 03-15 15:22
評級機構標準普爾指出,在鐵路營運完全正常化及房地產開發業務復甦的預期下,港鐵公司(00066.HK)的財務狀況料將在未來12至24個月內顯著改善,因此將港鐵獨立信用狀況(SACP)評級從「a」上調至「aa-」,對其流動性的評估從「充足」調整為「強勁」,維持發行人信用評級為「AA+/A-1+」,並確認其發行和擔保的所有未償還票據發行評級為「AA+」,展望穩定。 標普指出,隨著公司旗下所有鐵路營運恢復,客運量穩步回升,預計港鐵營運資金對債務比率可維持在逾23%的水平,並在未來兩至三年內逐步走強,相信在穩定的資本投資計劃和分配政策的推動下,公司的債務將隨著經營現金流的改善而下降,預計到2024年底港鐵的債務將減少至介乎410億至420億元,而物業發展業務預期於今明兩年每年貢獻約120億至140億元的現金,可全部或大部分覆蓋未來兩至三年的資本投資。 考慮到東涌線延線、屯門南延線及北環線項目已大致規劃,標普預計港鐵今明兩年資本開支將增至每年100億至120億元,並維持在可控範圍內,當中有一半將用於現有設施維護用途。
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