SACYR GREEN ENERGY MANAGEMENT, FT


Type of ratings: Structured Finance ABCP

Rating value: BBB+

Outlook: No Trend

License: EthiFinance Ratings

Solicited

EthiFinance Ratings ("The Agency") downgrades the Rating from "A-" to "BBB+" to the Bonds issued by the Fund. The Fund is a vehicle constituted under Spanish law, with a separate equity, closed by assets and liabilities. The objective of the Fund is to finance Operation and Maintenance contracts (O&M contracts). The collateral or assets of the Fund will be composed of O&M contracts derived from 5 Cogeneration plants, 2 Industrial Pomace Oil extraction plants and two Biomass plants, signed by Sacyr Industrial Operación y Mantenimiento, S.L (hereinafter "SIOM").

Ratings

Rating action: Downgrade

Action date: 2022-11-08

Date last rating: 2022-11-08

Date first rating: 2021-10-15

Documents

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Methodology

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