惠譽降中梁控股(02772.HK)信貸評級至「C」 涉不良債務交換
評級機構惠譽公布,已將中梁控股(02772.HK)的長期外幣發行人違約評級自「B-」下調至「C」,將中梁未償還美元高級票據的高級無抵押評級自「B-」下調至「C」,回收率評級維持在「RR4」。
該行稱,中梁發起交換要約和同意徵求交易,擬將2022年5月19日到期未償還的2.9億美元債券和2022年7月9日到期未償還的4.4億美元債券,交換為2023年4月到期債券和2023年12月到期債券。公告發布後惠譽下調了該公司的評級。
儘管中梁提出給予激勵費用且未降低本金和利息,但惠譽依據其標準將債券實質展期9至19個月視為不良債務交換。若中梁成功完成擬定交易,惠譽將下調其發行人違約評級至「RD」(限制性違約)。惠譽隨後將重新評估中梁的信用狀況,以得出與該公司完成交易後資本結構和風險狀況相稱的發行人違約評級,相應評級可能會處於投機級區間低位。
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