FENIE ENERGÍA SA
Type of ratings: Corporate
Rating value: BB
Outlook: Stable
License: EthiFinance Ratings
Solicited
EthiFinance Ratings raises Feníe Energía s rating from BB- to BB , maintaining its Stable outlook. The company's business focuses on the commercialisation of 100% renewable energy, although it also has two wind farms and other ancillary services related to renewable energies. At year-end 2021, the company achieved revenues of € 606.3MM (+21.5% vs 2020) and recurring EBITDA of € 6.8MM (-61.4% YoY) resulting in an EBITDA margin of 1.1%. The DFN/Adjusted EBITDA ratio stood at 4.8x.
Ratings
Rating action: Upgrade
Action date: 2023-01-25
Date last rating: 2023-01-25
Date first rating: 2022-09-22
Methodologies