Planigrupo goes refinancing this year

Planigrupo goes refinancing this year

Debt Bonds Loans Credit Ratings Mexico Capital Markets Coronavirus

Mexican shopping center builder and operator Planigrupo is expected to refinance most of its MXN6.41 billion ($308 million) in total debt with bullet bonds and bank loans, according to a report from HR Ratings on Thursday. HR Ratings gave Planigrupo a AA- rating with a stable outlook in the report, saying the company will likely have an average debt service coverage ratio of 1.3 times from 2020 to 2023. Planigrupo sees 94.8% of debt come due in 2022 and 2023, but it is expected to relieve pressu

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial