BIODIESEL ARAGON SL
Type of ratings: Corporate
Rating value: BB-
Outlook: No Trend
License: EthiFinance Ratings
Solicited
EthiFinance Ratings affirms Biodiesel Aragon's rating at "BB-" maintaining the Stable outlook. Biodiesel Aragon is a niche company with an international focus specialized in the manufacture of double counting and advanced biofuel from vegetable and animal waste. Through its only production plant (Huesca), which produces 51.000 tons/year (maximum production capacity of 100.000 tons/year), Bioarag sells biodiesel (own production and tolling) to large petrochemical groups. At year-end 2021, the company reported revenues of € 46.5MM (-4% YoY), with EBITDA of € 3.3MM (EBITDA margin of 7%). The NFD/EBITDA ratio was 1.5x.
Ratings
Rating action: Withdrawal
The credit rating has been withdrawn due to a client's request.
Action date: 05/06/2023
Date last rating: 04/05/2023
Date first rating: 27/07/2021
Methodology