Project Finance
Outlook: Stable
Action date: 04/24/2020
Rating action: Upgrade

PHOTONSOLAR SOCIEDAD ANONIMA

Photonsolar, S.A. is an specific purpose company that acts as a holding of 7 photovoltaic plants in Spain (hereinafter the projects). The projects have been operating since 2006 During 2019, the operational and financial performance of the projects has been positive, allowing an RCSD of x1.66, according to the provisional annual accounts. The result of the review carried out involves a rating rise from BBB-/STable published in 2019 to BBB/Stable rating.

Rating

Solicited
Date last rating: 04/24/2020
Date first rating: 04/26/2019