OÁSIS ATLÂNTICO PORTUGAL, S.A. - Medium and Long Term Financial Commitments

Stay informed via our mailing list

subscribe

Overview

Lisbon, 2 August 2021 – ARC Ratings, S.A. (ARC Ratings) has downgraded the final public medium and long-term issuer rating assigned to Oásis Atlântico Portugal, S.A. (Oásis Atlântico) to “B+” from “BB”, due to the extended impact from Covid‑19 that worsened the Group’s performance even when compared with ARC’s down case scenario presented in previous report. However, the increase in net financial debt was lower than expected mainly due to a further delay in new investments and the Group’s measures to keep costs minimal and efficient management of working capital.

Full information about this issuer can be accessed here.

Documents

OÁSIS ATLÂNTICO PORTUGAL, S.A.: Rating Report

2 Aug 2021

Contacts

Analytical

Business development

Latest ratings