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Fitch Assigns Vía Célere a BB- Rating Ahead of its Bond Issue

This rating places the property developer controlled by Värde on the radar for speculation although it has a 'stable' outlook, pending the evolution of its rental business.

Jose Ignacio Morales Plaza 1
Jose Ignacio Morales Plaza, CEO of Vía Célere

Fitch Ratings has assigned the property developer Vía Célere a long-term issuer credit rating of ‘BB-‘. This places the company on the radar for speculation although it has a stable outlook, pending the evolution of its rental business.

The credit rating comes at a key moment for the real estate company. The firm led by José Ignacio Morales is currently working with JP Morgan to issue a bond amounting to around 250 million euros with a five-year term, in an operation that is unprecedented in the sector.

Read the full article in Spanish.

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