穆迪:信貸環境持續緊張加大內房再融資風險
評級機構穆迪表示,中國恆大(0333.HK)的信貸危機加劇中國房地產行業的信貸緊張情況,將加大開發商的再融資風險。
穆迪副總裁兼高級分析師楊昱穎指,在緊張的信貸環境下,投資者的低迷情緒將導致行業再融資風險上升,當中財力較弱的開發商靈活性較低,將較受影響。
穆迪指出,恆大事件料將繼續波及其他開發商,使金融機構降低對房地產業的風險容忍度,並收緊抵押貸款及房地產開發貸款,境內外市場的風險規避趨勢將日趨明顯,擴大信用分化,縮減融資渠道,並會提高資金成本。
該行預期今年內中國融資環境仍將較緊,在運營和財務環境艱難的情況下,市場將會持續波動,今年全國房地產銷售情況仍將疲弱,但規模較大及財務狀況穩健的開發商料可維持境內外債券市場再融資渠道暢通。
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