Solicited rating

EMPRESA NAVIERA ELCANO SA

BB+ Stable

Ratings

  • Type Corporate
  • Action Affirmed
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EthiFinance Ratings affirms Empresa Naviera ElCano rating in "BB+", maintaining its Stable outlook. Group dedicated to the international maritime transport of raw materials in bulk. The activity is carried out through its own fleet and through third-party fleets contracted on a time or voyage basis. At the end of the 2022 financial year, the company had a turnover of $974.9MM with an EBITDA of $81.8MM and a DFN/EBITDA ratio of 4.3x.
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