BIODIESEL ARAGON SL


Type of ratings: Corporate

Rating value: BB-

Outlook: Stable

License: EthiFinance Ratings

Solicited

EthiFinance Ratings affirms Bioarag s "BB-" rating, maintaining its Stable outlook. Niche company with an international focus specialized in the manufacture of double counting and advanced biofuel from plant and animal waste. Through its only production plant (Huesca), they commercialize biodiesel (own production and tolling) to large petrochemical groups. In 2021, the company reported a turnover of € 46.6M (-4% YoY) with an EBITDA of € 3.3M (EBITDA margin 7%). NFD/EBITDA ratio stood at 1.5x.

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:

Methodologies

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