S&P Global Ratings awards Sacyr investment-grade credit rating

  • Sacyr has received a BBB- long-term corporate credit rating from S&P Global Ratings, with a stable outlook.
  • S&P, one of the world’s leading credit rating agencies, highlights the strength and predictability of the cash flows from Sacyr’s concessions business, as well as the company’s financial strategy.
  • This recognition marks a further milestone in the delivery of the objectives set out in Sacyr’s 2024-2027 Strategic Plan.

S&P Global Ratings has awarded Sacyr a BBB- long-term corporate credit rating, with a stable outlook, placing the company within the investment-grade category.

This is the first time that Sacyr has received a rating from S&P, one of the world’s largest credit rating agencies and a benchmark for investors, financial institutions and debt issuers.

The rating from one of the world’s leading international credit rating agencies represents a strategic milestone for Sacyr and recognizes the transformation of its business model, its financial strength and its continued evolution towards an increasingly international, concessions-led profile.

S&P bases its rating on the strong contribution of the concessions business, the vertical integration of Sacyr’s Concessions and Engineering and Infrastructure capabilities, and the predictability of cash flows from a diversified portfolio of long-term assets. The agency also notes that the portfolio is largely made up of availability-payment projects, which provides stability and limits exposure to demand risk.

The S&P rating follows the BBB (low) rating, with a stable outlook, awarded by Morningstar DBRS in October 2025.

Sacyr therefore consolidates its position within the investment-grade category, with S&P joining the group of agencies that rate the company in this category. This strengthens external recognition of the robustness of its business model and financial strategy, and marks further progress in delivering the objectives set out in the 2024-2027 Strategic Plan.

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Debt rating
and issues

 

On August 31, 2026, the credit rating agency Standard & Poor's (S&P Global Ratings) assigned Sacyr an “Investment Grade” rating.

The rating was BBB- with a stable outlook.

 

20251002_Morningstar DBRS Rating report.pdf - 373 Kb

Agency Rating Outlook Last revision
S&P Global Ratings BBB- Stable 31 August 2026
Morningstar DBRS BBB (low) Stable 2 October 2025

Warning: These ratings represent an opinion regarding the company's creditworthiness and do not constitute an exact measure of its probability of default. Furthermore, they may be revised, suspended, or withdrawn at any time by the respective rating agencies.

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  • Sustainability

Driving Natural Transformation

We are launching Natural Transformation, a new series that shows how our infrastructures are integrated with biodiversity protection and sustainable development. In this first chapter we visit the Buenaventura - Loboguerrero - Buga project (Colombia) and its Bird Road initiative.

At Sacyr, we understand that progress and sustainability go hand in hand. For this reason, we are launching Natural Transformation, a new series of content dedicated to making visible and giving voice to the initiatives with which we protect, restore and enhance ecosystems in the areas where we develop our projects.

This series complements our already consolidated Circular Transformation series, which explores how we integrate the circular economy into our projects. In Natural Transformation, we delve into how our infrastructures coexist in harmony with the environment and actively contribute to its improvement.

Camino de las Aves, a corridor of life

To inaugurate Transformación Natural, we traveled to Colombia, a country that is home to 20% of the world's bird species. There, we presented Camino de las Aves, a pioneering initiative in our Buenaventura - Loboguerrero - Buga corridor.

Camino de las Aves is much more than a bird watching route; it is a sustainable development initiative that promotes nature tourism as an economic and social engine. With its protagonists, Luis Mario and Natalia Losada (Quality and Environment Manager of Sacyr), we will explore the profound impact of this project in the region.

As Natalia Losada points out, "This is more than a sighting route; it is a network of communities, nature and culture that transforms biodiversity into well-being and pride."

This project exemplifies our vision: it articulates local communities, tourist guides, businesses in the area and birdwatching spaces, creating a model that not only protects one of the territories with the greatest diversity of birds in the world, but also generates tangible economic opportunities and strengthens the territorial pride of its inhabitants.

Discover how Sacyr is building a future where infrastructure and nature grow together:

Featured projects
  • Sustainability

We made it into the S&P Sustainability Yearbook for the fourth year in a row

This recognition highlights our strong performance in sustainability. It's our fourth consecutive year being included in this prestigious publication.

The renowned S&P Sustainability Yearbook acknowledges our commitment to sustainability. We were honored to receive recognition at the S&P Global Sustainable Yearbook 2025 awards ceremony in Madrid on June 26th, marking our fourth year in a row as part of the yearbook.

The Yearbook celebrates companies demonstrating exceptional commitment and performance in sustainability. In 2024, only 780 out of over 7,690 companies assessed through the Corporate Sustainability Assessment (CSA) received this distinction.

To qualify for inclusion, companies must achieve a score within the top 15% of their industry and maintain a score within 30% of the industry leader. The score obtained is 74 points, placing Sacyr among the best assessed companies in the Construction & Engineering sector. This year, we improved our score by more than 7% compared to 2024. 

 

300

 

Our commitment to sustainability

This recognition reflects our deep commitment to sustainability, which is driven by our Sacyr Sustainable Route 2024-2027 strategy. This strategy focuses on four key areas: planet, people, prosperity, and governance

Featured projects
  • Water

The Águilas Desalination Plant: A Milestone in Our Water Business

In the eighth installment of our series on Sacyr’s 40th anniversary, we travel to Murcia (Spain), where Noelia España, Fernando Donate, and Alberto Morales help us look back on the development of the Águilas wastewater treatment plant, one of the milestones that advanced our capabilities in the water sector.

With the construction of the Águilas desalination plant (2011–2013), we demonstrated our ability to tackle highly complex technical challenges and consolidated expertise that we have since applied to many other projects around the world.

Noelia España, Fernando Donate, and Alberto Morales help us explore this project and its impact on the surrounding environment as part of our Sacyr 40th-anniversary campaign.

This infrastructure ensures the water resources needed for agriculture in the Region of Murcia, one of the pillars of its economy.

This project is not just about water; it’s also about talent, vision, and the ability to anticipate future challenges. It’s about driving sustainable solutions through advanced energy recovery technologies and efficient systems that allow us to go further with a lower environmental impact.

More than a decade later, the Águilas desalination plant—the second-largest in Spain—remains a benchmark and an example of how the innovation, expertise, and commitment of our Sacyr Agua teams can turn a critical challenge into a solution for the future.

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  • Water

World Water Day: 30 years committed to the future of water

At Sacyr Agua, we have spent three decades dedicated to protecting, transforming and returning water to the planet in a responsible manner. Our commitment to the sustainable management of water resources is an essential part of our raison d'être.

We work to optimize every drop: we produce fresh water through desalination, treat and regenerate the water used for new uses and ensure that it is returned to nature in optimal conditions.

Over the past 30 years, we have built more than 100 treatment plants. Today we are the largest operators of desalinated water in Spain, supplying 16 million people in five countries and contributing to the irrigation of 25,000 hectares of agricultural land thanks to the water transformed in our facilities.

At Sacyr Water, we stand out for the versatility of our contracts. We manage the integral water cycle in several cities, operate and maintain facilities, build treatment plants and manage long-term investment contracts for water infrastructure.

Efficient management

Our experience and technical excellence are reflected in the efficient management of multiple sources of supply and in the quality of the design and construction of facilities that optimize natural resources and minimize environmental impact.

We are Water Positive: we generate a net positive impact, creating water resources for future generations. Innovation is our driving force, enabling us to continuously improve our processes, energize the economy, ensure water availability and drive key sectors such as agriculture and industry.

Every day, Sacyr Water's 2,000 professionals work to guarantee this essential resource for life.

More information at: www.sacyragua.com

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