Structured Finance ABCP
Outlook: No Trend
Action date: 10/15/2021
Rating action: New

SACYR GREEN ENERGY MANAGEMENT, FT

Axesor Rating assigns for the first time an "A-" rating to the Bonds issued by the Fund. The initial rating determined for this financial instrument is for a new issue. The Fund is a special purpose vehicle constituted under Spanish law, with a separate equity, and closed by the asset and by the liability. The objective of the Fund is to finance Operation and Maintenance contracts (O&M contracts). The collateral or asset of the Fund will be composed of O&M contracts derived from 5 Cogeneration plants, 2 Industrial plants for the extraction of pomace oil and two Biomass plants, signed by Sacyr Industrial Operación y Mantenimiento, S.L (hereinafter "SIOM").

Rating

ISIN: ES0305609002
Solicited
Date last rating: 10/15/2021
Date first rating: 10/15/2021