BIODIESEL ARAGON SL


Type of ratings: Senior Secured Corporate Bond

Rating value: BB

Outlook: No Trend

License: EthiFinance Ratings

Solicited

EthiFinance Ratings affirms the rating of Biodiesel Arag√≥n's bond program at "BB". The company formalized in July 2021 a € 10MM bond program under which it carried out a first issue of € 2MM bullet bonds with a 4-year maturity and quarterly interest linked to the evolution of Euribor (with floor 0%) plus a spread of 4.5% (act/365). The program is collateralized through a mortgage pledge with irrevocable power of attorney (cause of contract) on factory, machinery and essential assets.

Ratings

Rating action: Withdrawal

The credit rating has been withdrawn due to a client's request.

Action date: 2023-06-05

Date last rating: 2021-07-27

Date first rating: 2021-07-27

Documents

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Methodology

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