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S&P: MTR May Expand Debt Financing to Support Investment Plans
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S&P Global Ratings released a report, covering MTR CORPORATION (00066.HK), of which strong capital investment pipeline will likely propel debt funding needs over the next three to five years. The rebound in primary residential transaction volumes was forecast to galvanize more active tender activities. Paired with prudent financial management, this should help support its financial position. The rating agency viewed that MTR's operating cash flow will remain stable over the next two to three years, but investment amounts will elevate. The company recently increased its budgeted capex for the next three years to a total of HKD82.6 billion. This could lead to annual spending exceeding the capex of HKD19.6 billion in 2025. AASTOCKS Financial News Website: www.aastocks.com |
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