Who are we?
Investors & financial institutions
- Independent credit research
  - High Yield credit research
  - Index sponsor
- ESG Solutions
- Consulting
- Our services for Investors & financial institutions
  - EthiFinance is an independent European rating, research and advisory company, operating in both the financial and non-financial fields. The Group offers a full range of services to Investors and Financial institutions through its four complementary business units. Its solutions address all financial players: institutional investors, asset managers, banks, insurance companies, etc.
Corporates & organisations
- ESG solutions
- Consulting
- Practices
  - Taxonomy
  - Biodiversity analysis
- Our services for corporates & organisations
  - EthiFinance is an independent European rating, research and advisory company, operating in both the financial and non-financial fields. The Group offers a full range of services to Corporates and Organisations through its three complementary business units. Its solutions address both companies and local governments.
Credit rating agency
- About ratings
- Product & services
- Regulatory
- Notifications & events
  
  Notifications
  
  Publications
  
  News
  Login
Insights
News
|
- FR
- ES
Language
- - |
    
    French
  - |
    
    Spanish

SKYSEA FLYER SL

Type of ratings: Senior Secured Corporate Bond

Rating value: BBB-

Outlook: No Trend

License: EthiFinance Ratings

Solicited

EthiFinance Ratings assigns for the first time an BBB- to Skysea Flyer S.L's bond issue. Skysea Flyer S.L and its subsidiaries constitute a hotel group consisting of four five-star resorts, three of them located in Punta Cana (Dominican Republic) and one in Cancun (Mexico). Its establishments are oriented towards luxury tourism (5*), with modern facilities for accommodation and leisure and with an all-inclusive format, operated through its own brand 'Majestic'. Based on preliminary 2022 figures (unaudited), revenue would reach € 172M (+114.1% YoY) with EBITDA of € 44.3M (EBITDA margin of 25.8%) and a DFN/EBITDA ratio of 5.9x.

Ratings

Rating action: New

Action date: 2023-08-14

Date last rating: 2023-08-14

Date first rating: 2023-08-14

Documents

Executive summary:

Methodology

Corporate Rating Methodology - Instruments

Return to the rating page