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PREMIER ESPAÑA SA

Type of ratings: Corporate

Rating value: BB+

Outlook: Stable

License: EthiFinance Ratings

Solicited

Ethifinance Ratings assigns for the first time a "BB+" rating with a Stable outlook to Premier España S.A. The company is a wholly-owned subsidiary of Bassac Group, a French developer and builder quoted group specialized in residential housing and offices real state development in France, Germany and Spain. The company's turnover and EBITDA in 2021 stood at € 147.8MM and € 22.8MM, respectively (EBITDA Mg. 15.4%) and displayed an NFD/EBITDA ratio of 2.5x. In 2022 (provisional figures) the company reached a turnover and EBITDA of € 105.5MM and € 17.5MM, respectively, with an EBITDA margin of 16.6% and an NFD/EBITDA ratio of 2.2x.

Ratings

Rating action: New

Action date: 2023-03-02

Date last rating: 2023-03-02

Date first rating: 2023-03-02

Documents

Executive summary:

Methodology

Corporate Rating Methodology

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