Corporate
Outlook: Positive
Action date: 05/26/2021
Rating action: Affirmed

METROVACESA SA

Axesor Rating affirms Metrovacesa´s rating maintaining at "BB" with Positive outlook. Metrovacesa is a real estate development and land management group in the Spanish residential and tertiary segments. The Group reached revenues and EBITDA of € 148M and -€ 9M respectively in 2020 (ramp-up phase), with controlled leverage and strong shareholders' equity. The Gorup estimates a higher rate of housing deliveries in 2021. The Group has been listed on the continuous market, with a market capitalisation of over € 1Bn.

Rating

Solicited
Date last rating: 05/26/2021
Date first rating: 03/03/2021