SACYR SOCIEDAD ANONIMA


Type of ratings: Corporate

Rating value: BB+

Outlook: Positive

License: EthiFinance Ratings

Solicited

Ethifinance Ratings affirms Sacyr "BB+" rating, maintaining its Positive outlook. The group operates as an infrastructure concessionaire and offers complementary services in the engineering, construction and environmental sectors. The company operates at an international level, mainly in Spain and South America. At the end of the 2021 financial year, the company presented a turnover of EUR 4,675M with an EBITDA of EUR 923M (EBITDA margin 19.7%), registering a DFN/EBITDA ratio of 6.8x (2.0x considering EBITDA with recourse adding dividends and distributions of assets funding with non-recourse debt, and net financial debt with recourse).

Ratings

Rating action: Affirmed

Action date: 2023-02-16

Date last rating: 2023-02-16

Date first rating: 2020-07-21

Documents

Executive summary:

Methodologies

Return to the rating page