7/11/2024 Rating announcement EN
Scope downgrades MetMax to B- and revises Outlook to Negative from Stable
The downgrade is driven by Scope’s revised EBITDA expectation for 2024-25 and the inadequate liquidity assessment. The negative outlook reflects the risk of an accelerated repayment of the bonds unless a waiver is obtained.
5/11/2024 Rating announcement EN
Scope affirms Aranynektár’s issuer rating at B/Stable
Strengths are strong debt protection, good leverage and resilient business operations. Constraints are size, customer diversification, the focus on a single product category and as a result volatile credit metrics.
1/11/2024 Rating announcement EN
Scope affirms A/Stable issuer rating on DNV
A globally leading position in maritime classification and services, coupled with robust cash generation and low leverage supports the rating. Profitability pressures and dependence on the largest service lines are constraints.
1/11/2024 Rating announcement EN
Scope upgrades Vajda-Papír’s issuer rating to B+ from B; Outlook remains Stable
The upgrade is supported firstly by better-than-expected operating performance, leading to improved credit metrics as input prices normalise, and secondly by debt reduction as Vajda-Papír consolidates its sister company, Vajda-Papír Scandinavia AS.
28/10/2024 Rating announcement EN
Scope affirms S-1 short-term debt rating on Axpo Holding and financing subsidiary Axpo International
The short-term debt rating is based on the high credit quality of the issuers which remains driven by a solid business risk profile, a strong financial risk profile and Axpo’s status as a government-related entity, paired with a robust liquidity profile.
25/10/2024 Rating announcement EN
Scope affirms B- issuer rating on Wellis and assigns Stable Outlook
The affirmation reflects the successful debt restructuring, which has reduced short-term liquidity concerns in addition to the improving operating profitability, despite the current sluggish global demand.
24/10/2024 Rating announcement EN
Scope affirms A- rating of Haugaland Kraft, revises Outlook to Negative
The rating action reflects higher-than-expected investments in 2024 and more moderate power prices, which are exerting downward pressure on the financial risk profile amid Haugaland Kraft's further growth ambitions.