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
Methodologies