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穆迪维持腾讯(00700.HK)「A1」评级 展望稳定
阿思达克 06-09 14:27
评级机构穆迪表示,维持对腾讯(00700.HK)的「A1」发行人评级和高级无抵押债务评级,以及「(P)A1」高级无抵押中期票据计划评级,展望仍为稳定。

穆迪高级副总裁蔡慧表示,腾讯强劲的财务状况、庞大的客户基础,以及其将网络和手机平台增值服务变现的往绩,料有助於该公司持续产生自由现金流。她预计,腾讯将维持较低的债务杠杆比率、强劲的现金状况和审慎的投资与收购策略,认为将可为近期的监管不确定性提供缓冲保护。

穆迪指,在多项业务均稳步增长下,预计将推动腾讯未来12至18个月收入按年增长约20%,估计期内杠杆率将保持在2倍以下,由於通过非游戏服务继续扩大收入来源,预计未来12至18个月EBITDA利润率将逐渐降至33%至35%,但EBITDA总额料将实现10%至15%的按年增长。

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