穆迪上調新地(00016.HK)評級展望至「穩定」
評級機構穆迪確認Sun Hung Kai Properties (Capital Market) Ltd.的受擔保高級無抵押債券的A1評級、其多幣種中期票據計劃的臨時「(P)A1」受擔保高級無抵押債券評級,該等票據及中期票據計劃均由新地(00016.HK)提供無條件及不可撤回的擔保。該行並將其評級展望由「負面」上調至「穩定」。
穆迪評級副總裁兼高級信貸官Stephanie Lau表示,此次評級確認及展望調整至穩定,反映預期新地的淨債務水平將在未來兩到三年內持續下降,這得益於過去12個月合約銷售額的顯著改善及其審慎的財務管理。在持續充滿挑戰的房地產市場環境下,這些因素將提供足夠的緩衝,足以應付潛在的盈利轉弱。
穆迪預期新地的經調整的淨債務對息稅折舊攤銷前利潤將由截至2024年底的3.2倍,改善至截至2025年6月底的財年及2026財年的2.8至3倍。這項改善主要得益於預計調整後淨負債將從截至2024年12月底的 1,090億元減少至2026年6月底的900-950億元。
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