Axesor Rating assigns Grupo Pestana SGPS a BBB rating with a stable perspective.

19th September of 2019

We underline that Grupo Pestana SGPS has carried out the first global issue of a green bond from BBVA, funds that will be earmarked for the construction of two sustainable hotels. Axesor Rating, in its commitment to the application of the ESG (Environment, Society and Governance) principles in the analysis of the solvency of the different issuers, is a signatory since 2017 of the PRI (Principles of Responsible Investment), undependent project. In turn, it has constituted specific working groups for its implementation in the five lines of activity, i.e. Corporate, Financial Institutions, Structure Finance, Project Finance and Sovereign ratings.