S&P Global Ratings Provides Full Alignment Opinion On AEDAS Homes Green Financing Framework

MADRID, May 10, 2021 /PRNewswire/ -- S&P Global Ratings said today that AEDAS Homes S.A.'s Green Financing Framework is fully aligned with the four components of the Green Bond Principles (GBP) and the four components of the Green Loan Principles (GLP). The Framework Alignment Opinion report is available here.

"We consider AEDAS Homes' green financing framework to be fully aligned because it commits to using net proceeds of financing issued under the framework to fund eligible green projects that fit into the categories defined by the GBP," said María Ortiz de Mendívil, the primary contact at S&P Global Ratings.

The framework provides details on the management of proceeds, outlines the process for project evaluation and selection, and commits a high level of transparency for impact reporting. AEDAS Homes Green Financing Framework allows the company's investors to participate in its efforts to facilitate the transition to an environmentally sustainable and low-carbon economy.

The green financing framework reflects AEDAS Homes' commitment to promote the development of a sustainable environment to meet some of United Nations' Sustainable Development Goals (SDGs). The eligible category defined by the company within the green financing framework is "Green Buildings."

Green buildings, including new construction and acquisition of existing buildings (with a rating "B" or above, in the Energy Performance Certificate), help in climate change mitigation and contribute to the development of sustainable cities and communities (SDG 11).

S&P Global Ratings' Green, Social, or Sustainability Framework Alignment Opinions are not credit ratings. They are a point-in-time second opinion on a seeker of finance's financing framework's alignment with the International Capital Market Assn.'s (ICMA's) Green Bond Principles (GBPs), Social Bond Principles (SBPs), or a combination of the GBPs and SBPs, collectively known as ICMA's Sustainability Bond Guidelines (SBGs), and/or the Loan Market Association's (LMA's), Asia Pacific Loan Market Association's (APLMA's), and Loan Syndications and Trading Association's (LSTA's) Green Loan Principles (GLPs). Framework Alignment Opinions reflect the financing framework only, and do not consider individual financial transactions. They remain effective until such time as there is a change in the financing framework or the relevant Principles.

This report does not constitute a rating action.

S&P Global Ratings is the world's leading provider of independent credit ratings. Our ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. We offer an independent view of the market built on a unique combination of broad perspective and local insight. We provide our opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide.

S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings.

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