BIODIESEL ARAGON SL


Type of ratings: Senior Secured Corporate Bond

Rating value: BB

Outlook: No Trend

License: EthiFinance Ratings

Solicited

EthiFinance Ratings affirms Bioarag s bond program rating at "BB". The company formalized a € 10M bond program within which it carried out a first issue of € 2M bullet type with a 4-year maturity and quarterly interest linked to the evolution of the Euribor (with a floor of 0%) plus a 4.5% spread (act/365). The bond program will be collateralized through a promise of a mortgage with irrevocable power (cause of contract) on factory, machinery and essential assets.

Ratings

Rating action: Under Observation

Review due to methodologies update.

Action date: 2022-11-10

Date last rating: 2022-07-27

Date first rating: 2021-07-27

Documents

Executive summary:

Methodology

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