AEDAS Homes SA (ES:AEDAS) has released an update.
AEDAS Homes, S.A., a leading player in the Spanish homebuilding market, maintains a stable Ba2 corporate family rating, underpinned by a strong market position and a robust land bank in economically vibrant regions. Despite the positive outlook, challenges such as a higher-than-anticipated debt-to-capitalization ratio and the cyclical nature of the industry create potential risks for the company’s credit profile. AEDAS’ commitment to a net debt/EBITDA below 2x by the end of the fiscal year March 2024 is expected to support its financial stability.
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