Corporate
Outlook: Stable
Action date: 11/25/2021
Rating action: Affirmed

SOCIEDAD ANONIMA DE OBRAS Y SERVICIOS COPASA

Axesor Rating affirms Sociedad Anónima de Obras y Servicios, COPASA's "BB" rating, but changes its outlook from Observation to Stable. Copasa is a Spanish multinational group that operates in the construction and services sector, focused mainly on civil works. The group operates in more than 15 countries mainly in Spain and Latin America. At the close of fiscal year 2020, the company presented a turnover of € 278.5M with an EBITDA of € 25M (EBITDA margin 9.0%), registering a NFD / EBITDA ratio of 11.3x.

Rating

Solicited
Date last rating: 11/25/2021
Date first rating: 11/22/2013