惠譽降新城發展控股(01030.HK)信貸評級至「BB」 展望負面 剔出負面觀察名單
評級機構惠譽發表報告,將新城發展控股(01030.HK)長期本外幣發行人違約評級由「BB+」降至「BB」,其附屬新城控股(601155.SH)長期外幣發行人違約評級亦由「BB+」降至「BB」,展望負面,但剔出負面觀察名單。
降級反映惠譽認爲在債券到期高峯時新城系財政彈性惡化。今年新城系公司共有110億元人民幣債券及離岸銀團貸款到期。該行並沒有如市場預期發行資本市場工具。負面展望反映內地持續防疫限制對新城系銷售添壓,影響料維持並進一步削弱流動性。
惠譽補充,新城發展控股評級受年度歸屬權益1,500億元人民幣銷售、充裕土儲及去年溫和槓桿僅42%所支持,料新城流動性仍充裕。公司仍有強勁融資渠道,並有投資組合可產生100億元人民幣經常性收入,亦可進行其他融資選項,如抵押貸款。
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