Corporate credit quality will diverge depending on whether a company can withstand the cash gap before FCF recovery; hyperscalers have room to absorb investment burdens, but neoclouds and lower-rated borrowers may be vulnerable to changes in refinancing conditions.

A prediction by 하나 자산배분/해외크레딧 이영주. Statements are as reported by the cited publishers — not verified by DecisionGateway.

기업별 신용도는 FCF 회복 전의 현금 공백을 감당할 수 있는지에 따라 차별화될 전망