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Second Party Opinion: CAP Group Sustainability-Linked Financing Framework

Published Dec 17, 2025

About This Report

Abstract:

We assess the CAP Group Sustainability-Linked Financing Framework as aligned with: Sustainability-Linked Bond Principles, ICMA, 2024 and Sustainability-Linked Loan Principles, LMA/LSTA/APLMA, 2025. CAP Group is a Chilean economic group that, among other things, operates in the iron ore extraction industry in Chile and internationally.

Report Type:

Commentary

Ticker

CAP@CI

Issuer

CAP S.A.

GICS

Steel (15104050)

Sector

Global Issuers, Structured Finance

Country

Chile

Region

Latin America

Format:

PDF

Tear Sheet: CAP S.A. – 2026/05/05 – US$ 500.00

Bulletin: The Divestment Of Huachipato's Steel Operations Is Aligned With CAP S.A.'s Long-Term Strategy – 2026/06/09 – Free

Research Update: CAP S.A. Downgraded To'BB-'; Ratings On CreditWatch Negative On Elevated Leverage And Tighter Covenant Headroom – 2026/10/29 – US$ 225.00

Research Update: CAP S.A. Downgraded To 'BB' From 'BB+' On Elevated Leverage; Outlook Negative – 2025/11/28 – US$ 225.00

Tear Sheet: CAP S.A. – 2024/05/22 – US$ 500.00

Bulletin: CAP S.A.'s Suspension Of Non-Core Steel Operation Won't Weaken Credit Profile – 2024/03/25 – Free

CAP S.A. – 2023/05/18 – US$ 500.00

CAP S.A. – 2022/05/12 – US$ 500.00

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About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Second Party Opinion: CAP Group Sustainability-Linked Financing Framework" Dec 17, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Second-Party-Opinion-CAP-Group-Sustainability-Linked-Financing-Framework-3496096>

APA:	S&P Global Ratings’ Credit Research. (). Second Party Opinion: CAP Group Sustainability-Linked Financing Framework Dec 17, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Second-Party-Opinion-CAP-Group-Sustainability-Linked-Financing-Framework-3496096>

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