EMPRESA NAVIERA ELCANO SA
Type of ratings: Corporate
Rating value: BB+
Outlook: Stable
License: EthiFinance Ratings
Solicited
Type of ratings: Corporate
Rating value: BB+
Outlook: Stable
License: EthiFinance Ratings
Solicited
EthiFinance Ratings affirms Empresa Naviera ElCano rating in "BB+", maintaining its Stable outlook. Group dedicated to the international maritime transport of raw materials in bulk. The activity is carried out through its own fleet and through third-party fleets contracted on a time or voyage basis. At the end of the 2022 financial year, the company had a turnover of $974.9MM with an EBITDA of $81.8MM and a DFN/EBITDA ratio of 4.3x.
Ratings
Rating action: Affirmed
Action date: 2023-05-24
Date last rating: 2023-05-24
Date first rating: 2016-07-06
Methodology