METROVACESA SA
Type of ratings: Senior Secured Corporate Bond
Rating value: BBB
Outlook: No Trend
License: EthiFinance Ratings
Solicited
EthiFinance Ratings affirms Metrovacesa s bond issue rating at "BBB". This € 30MM 5-year senior secured bond issue was used to complement financing for the development of its portfolio. The issue shows a solid collateral structure that adequately covers the principal amount in circulation. Metrovacesa promises to reposition the collateral in unfavourable scenarios in order to maintain the rating associated with the issue.
Ratings
Rating action: Affirmed
Action date: 21/04/2023
Date last rating: 21/04/2023
Date first rating: 27/05/2021
Methodology