?? ??

2024????????????,???????“???????????”?????????????,???????????

??,2024????,“??”???4204????????????????????????????,???40%,?????2023???????????????????,“??????????????”???????,????????????,????????

????????????????,?????????,????????????,?2822.9??,??26.1%??????,???????????????93%,??3???;?????????,???????

“???????????????????????,???????????????,???5????,??40632????,????????????10.1%??,????”7???????3??????????,????«????????????»??????,???,??????????????????,???????????????????

??,???“????????”

????,????,????15089???,??????40.7%;????11511.1????,????36.8%;????????????4893?/???,???17.1%?

?????????,?????????,??22???20????????????????2024???,??10%????,?????,?60%,???12.5%?,??????????37%;???????????????????????;????????,??????????????15.3%,?,??????44.3%?

??,???????,?????TOP10??????776???,??,???????TOP10???????????749?????????,???????,??TOP10??326?????????264????

???,????????,?????????????????????????????????????????????????????????????????????????,????????????30%?????????????????,22??????????????????8.5%??????????????;????,??,?,??????????????????????

???????????,??,???????,??????

??,???,?3801??,????35.8%?????,????200???????????????,??,????????????;??????100?10????????????,??????????

????????,?????????????,???500???????????????,?????,????200???10????????????????????????????????????????????????513???374??????410??,???????????TOP10???3229???????,???TOP100????????????(8896???)????36%?

????????,????????????,????????????,“???”?0.14,??0.01;TOP10????????????????????0.15,??????

??????????????,???????????,????70%,?????????????????????73%,??????94%?????,?????????????????,?,?????

????,?????,?????????????40%,??????????????????2023??;??44%,???????42%;?????????????????????????,????????????????????????18%?

«????????»?,??,“????,??”?????

??,????????,?????????????????????????????7?????????????7???????????????????????,????????,????;?,??????????????,????????,??????????????????????????????

??????6?????,???,??????“???”,??????????,????,??,???

???????????????,????????????????,???????,???????,?????????,????10????,??12???

???????6????,?????????????30???,??288?????????????,?????????101%??????,????5???,???????????????????,??????????,??????????????????????????,?????????80???????

??????????????,??????

?????,?????????,????,?????,?2822.9?????????????,??????26.1%???????????????21.9%,????54.8%,ABS????????33.3%????,?93%,??3?????????;?????

????,????????????65??????,2024???2131??,?37%;????????,???????41%????????????32%?

??,?????,?????????????,??4%???????4.6%?

“?,????????,??????????????,??????,????????????,??????????????,???,????”??

??????????,????,??????????,????????????????????:“????,???????????0.7??????????????3.1%,????????????????????????????ABS??????????,?????3.03%?5.6%????3.09%,??0.62?1.66???????????0.66??????????????????????????”

???????,??,??????3.17%,??????????2023??0.43???

????,?,???????,??????,???????2799???????????????,????1300????????,?????????????????????1000?????????????????????????,?????????????????,?????????2025?????2024???

????????????,??6.126????,?????????????,2025????????,??????246?????

?????????,5????,?????????????????5?????????????????14?,????2024???????(?????????????)????????????????,??8???????????;5??????17??,??????2024???,??13.6??;5?????????????29???,???2024???,????7??????????,????????????3.6%?

???,6?????????????20?????????????????,??????????“BBB+”?“A-”,?????“BBB+”????“A-”,???????“A-”?

?????????,????,??????;????????,????,???????????;??????,?,?????,??????????

???,??,????????“?????????”??????????????,???????5?????????????????16?????,??????,????“????”??9350????????

“????,???”???

«????????????????????»????????????,???????????????????????????????????????????????????????,?????????????“????”??,?????????????

??????????,??,??7???3?????????,??72????????,??????????????“??????”,45??,??3???????

????????,????,?????1.5??;??????,??0.5?????;??????0.4???????????

?,????????????????,??????,?????????????,??,??????“????”??????,??????????????????????? ???????????:?????? ??“????????”

?? ???? ??“???????????”????

????:1?????????:???????

2???????

3???????

4?????

5????????

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2024????????????,???????“???????????”?????????????,???????????

??,2024????,“??”???4204????????????????????????????,???40%,?????2023???????????????????,“??????????????”???????,????????????,????????

????????????????,?????????,????????????,?2822.9??,??26.1%??????,???????????????93%,??3???;?????????,???????

“???????????????????????,???????????????,???5????,??40632????,????????????10.1%??,????”7???????3??????????,????«????????????»??????,???,??????????????????,???????????????????

??,???“????????”

????,????,????15089???,??????40.7%;????11511.1????,????36.8%;????????????4893?/???,???17.1%?

?????????,?????????,??22???20????????????????2024???,??10%????,?????,?60%,???12.5%?,??????????37%;???????????????????????;????????,??????????????15.3%,?,??????44.3%?

??,???????,?????TOP10??????776???,??,???????TOP10???????????749?????????,???????,??TOP10??326?????????264????

???,????????,?????????????????????????????????????????????????????????????????????????,????????????30%?????????????????,22??????????????????8.5%??????????????;????,??,?,??????????????????????

???????????,??,???????,??????

??,???,?3801??,????35.8%?????,????200???????????????,??,????????????;??????100?10????????????,??????????

????????,?????????????,???500???????????????,?????,????200???10????????????????????????????????????????????????513???374??????410??,???????????TOP10???3229???????,???TOP100????????????(8896???)????36%?

????????,????????????,????????????,“???”?0.14,??0.01;TOP10????????????????????0.15,??????

??????????????,???????????,????70%,?????????????????????73%,??????94%?????,?????????????????,?,?????

????,?????,?????????????40%,??????????????????2023??;??44%,???????42%;?????????????????????????,????????????????????????18%?

«????????»?,??,“????,??”?????

??,????????,?????????????????????????????7?????????????7???????????????????????,????????,????;?,??????????????,????????,??????????????????????????????

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???????6????,?????????????30???,??288?????????????,?????????101%??????,????5???,???????????????????,??????????,??????????????????????????,?????????80???????

??????????????,??????

?????,?????????,????,?????,?2822.9?????????????,??????26.1%???????????????21.9%,????54.8%,ABS????????33.3%????,?93%,??3?????????;?????

????,????????????65??????,2024???2131??,?37%;????????,???????41%????????????32%?

??,?????,?????????????,??4%???????4.6%?

“?,????????,??????????????,??????,????????????,??????????????,???,????”??

??????????,????,??????????,????????????????????:“????,???????????0.7??????????????3.1%,????????????????????????????ABS??????????,?????3.03%?5.6%????3.09%,??0.62?1.66???????????0.66??????????????????????????”

???????,??,??????3.17%,??????????2023??0.43???

????,?,???????,??????,???????2799???????????????,????1300????????,?????????????????????1000?????????????????????????,?????????????????,?????????2025?????2024???

????????????,??6.126????,?????????????,2025????????,??????246?????

?????????,5????,?????????????????5?????????????????14?,????2024???????(?????????????)????????????????,??8???????????;5??????17??,??????2024???,??13.6??;5?????????????29???,???2024???,????7??????????,????????????3.6%?

???,6?????????????20?????????????????,??????????“BBB+”?“A-”,?????“BBB+”????“A-”,???????“A-”?

?????????,????,??????;????????,????,???????????;??????,?,?????,??????????

???,??,????????“?????????”??????????????,???????5?????????????????16?????,??????,????“????”??9350????????

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????????,????,?????1.5??;??????,??0.5?????;??????0.4???????????

?,????????????????,??????,?????????????,??,??????“????”??????,??????????????????????? ???????????:??????