Senior Secured Corporate Bond
Outlook: No Trend
Action date: 05/27/2021
Rating action: New


Axesor Rating assigns for the first time a "BBB-" to the bond issue of Metrovacesa. This € 30M 5-year senior secured bond issue is intended to complement financing for the development of its portfolio. The issue shows a solid collateral structure that adequately covers the principal amount in circulation. Metrovacesa promises to reposition the collateral in unfavourable scenarios in order to maintain the rating associated with the issue.


ISIN: ES0105122024
Date last rating: 05/27/2021
Date first rating: 05/27/2021