Corporate
Outlook: Stable
Action date: 10/21/2021
Rating action: New

INMOBILIARIA DEL SUR SA

Axesor Rating assigns for the first time an "BB" rating with a Stable outlook to Grupo Insur. The group focuses its activity on the national market within the Real Estate sector. The group closed fiscal year 2020 (under the consideration of joint ventures by the proportional method) with a turnover and recurring EBITDA that amounted to € 132.8MM and € 24.5MM (+8.2% and +8% YoY) respectively, reaching an LTV of 39.7%. The group's market capitalization figure stood at € 131MM at the end of June (-4.9% vs 2020).

Rating

Solicited
Date last rating: 10/21/2021
Date first rating: 10/21/2021