紫金矿业(601899.SH):惠誉将公司的长期发行人违约评级和高级无抵押评级从“BBB-”调整为“BB+”
格隆汇 7 月 20日丨紫金矿业(601899.SH)公布,2020年7月20日,惠誉国际信用评级有限公司(“惠誉”)发布了对公司信用评级更新报告,惠誉将紫金矿业的长期发行人违约评级和高级无抵押评级从“BBB-”调整为“BB+”,并将其移出负面评级观察名单,展望为稳定。
惠誉认为,本次评级调整主要基于紫金矿业近期并购和项目建设等所需资本开支将在短期内推高杠杆率;但紫金矿业贵金属和基础金属的投资组合,低成本优势以及高收益资产,矿山服务年限长,且现金流生成能力强劲,这些因素将继续对紫金矿业的评级形成支撑。
公司认为,此次评级调整涉及的杠杆率上升是短期的,不会对公司的生产经营带来实质性的影响。公司将积极推进卡莫阿-卡库拉铜矿、TIMOK 铜矿以及驱龙铜矿等重大项目建设,加快资源优势向效益优势转化;随着黄金和铜产能不断释放,强劲的运营现金流以及强大的偿债能力将使公司债务杠杆率大幅降低。
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