Corporate
Outlook: Positive
Action date: 08/15/2022
Rating action: Affirmed

GRUPO LANTANIA SL

Ethifinance ratings affirms Grupo Lantania's BB rating with a positive outlook. On February 15th, 2022, EthiFinance Ratings has revised the methodology applied to the credit ratings of corporate issuers, requiring by regulation the approval of the updated rating by our Rating Committee within a maximum period of 6 months. Thus, the credit rating has been revised on the same basis of information and rationale as our previous rating report dated on 29/10/2022, resulting in no changes to the rating. Grupo Lantania S.L. and its subsidiaries (hereinafter Lantania or the group) is a Spanish group mainly dedicated to the development and construction of road and rail infrastructures, as well as the construction of homes and unique buildings. In addition, it develops projects related to the integral water cycle and energy projects. The group operates mainly at the national level, although in 2021 it began its internationalization strategy. At the close of fiscal year 2020, the company presented a turnover of € 114.4M with an EBITDA of € 8.8M, registering a NFD / EBITDA ratio of 3.2x.

Rating

Solicited
Date last rating: 08/15/2022
Date first rating: 10/29/2020