-- 惠譽評級在近期發布的報告中指出，亞太地區農化產品發行商有能力緩衝中東衝突導致的運費、燃料和投入成本上漲，以避免短期評級承壓。 惠譽表示，Nufarm（ASX：NUF）、UPL（NSE：UPL，BOM：512070）和先正達集團受該地區直接風險的影響較小，其差異化的採購管道和充足的庫存能夠有效緩衝第一輪獲利衝擊。 惠譽預計，供應鏈中斷短期內不會對這些發行商的信用狀況造成顯著影響，尤其是在營運彈性和地理多元化的背景下。 發行商的業務組合也將為其信用實力提供支撐，儘管不同產品受到的影響程度不一。種子業務由於其在作物規劃中的關鍵作用而最為穩健，而化肥業務由於在農民成本中所佔比例不斷增加而面臨更大的風險。 惠譽指出，作物保護產品受到的影響介於兩者之間，因為其需求彈性高於食品需求。 評級機構仍認為，由於成本轉嫁過程緩慢且初期不完全，短期內獲利能力將受到抑制。
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