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标普降恒大(03333.HK)评级展望至「负面」 料流动性压力加剧
阿思达克 09-25 10:25
评级机构标普发表报告,指随着中国恒大(03333.HK)短债偿付责任持续增加,及明年1月潜在偿还部分A股战略投资,料其流动性转弱。恶化情况或被合约销售良好及活跃增资活动所部分抵销;在监管趋严下,管理层亦注意改善杠杆及流动性。

昨日(24日)标普下调恒大、其地产分支恒大地产集团,以及离岸金融平台天基控股的评级展望,由「稳定」下调至「负面」,同时确认该三家公司长期发行人信贷评级「B+」。负面展望反映该行认为恒大在未来六个月将面对更大流动性压力,部分由於资本结构不平衡。这亦反映该行预期恒大毛利率将会收窄,加剧其杠杆。

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