INMOBILIARIA DEL SUR SA
Type of ratings: Senior Secured Corporate Bond
Rating value: BBB-
Outlook: No Trend
License: EthiFinance Ratings
Solicited
EthiFinance Ratings affirms Grupo Insur s bond issue rating at "BBB-". In December 2021, the group issued a bond secured in the MARF for an amount of € 30MM, bullet amortization and maturity in 5 years. This financing will be used for the acquisition of land and plots in order to take advantage of growth opportunities in the sector. This issue has a 100% coverage rate supported both by the assigned collateral (acquired lots) and by the valuation and assets presented by the group.
Ratings
Rating action: Affirmed
Action date: 2023-05-05
Date last rating: 2023-05-05
Date first rating: 2021-10-21
Methodology