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      BBB Outlook: None
      BBB Outlook: None
      Latest change
      Downgrade
      09/05/2023
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Aaron Konrad Lead analyst
      Torsten Schellscheidt Committee chair
      Scope downgrades the Class A1 Guaranteed secured securities issued by Virtuo Finance SARL

      9/5/2023 Rating announcement EN

      Scope downgrades the Class A1 Guaranteed secured securities issued by Virtuo Finance SARL

      Scope Ratings GmbH downgrades the USD 84.5m Class A1 Guaranteed securities issued by Virtuo Finance SARL (the Benban solar project). The downgrade reflects the weakening business environment in Egypt and the significant devaluation of the Egyptian pound.

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      Scope assigns BBB+ to the Class A1 Guaranteed securities issued by Virtuo Finance SARL

      18/5/2022 Rating announcement EN

      Scope assigns BBB+ to the Class A1 Guaranteed securities issued by Virtuo Finance SARL

      Scope Ratings has today assigned a final BBB+ rating to the USD 84.5m Class A1 Guaranteed securities issued by Virtuo Finance SARL maturing in March 2041. The bonds are intended to refinance the existing debt of a brownfield Egyptian photovoltaic plant.

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      Scope assigns (P)BBB+ to the Class A1 Guaranteed securities to be issued by Virtuo Finance SARL

      18/3/2022 Rating announcement EN

      Scope assigns (P)BBB+ to the Class A1 Guaranteed securities to be issued by Virtuo Finance SARL

      Scope Ratings has today assigned a (P)BBB+ rating to the USD 86m Class A1 Guaranteed securities to be issued by Virtuo Finance SARL maturing in March 2041. The bonds are intended to refinance the existing debt of a brownfield Egyptian photovoltaic plant.

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      Date Title
      18/05/2022 Rating Report, May 2022
      18/03/2022 Rating Report, March 2022