Announcements

    Drinks

      Scope downgrades Pannonia Bio’s issuer rating to BB and maintains the Negative Outlook

      21/2/2024 Rating announcement EN

      Scope downgrades Pannonia Bio’s issuer rating to BB and maintains the Negative Outlook

      The rating action is mainly driven by weaker credit metrics affected by a challenging market environment.

      Scope Ratings has affirmed the B+/Stable issuer rating of Biggeorge Property Nyrt.

      19/2/2024 Rating announcement EN

      Scope Ratings has affirmed the B+/Stable issuer rating of Biggeorge Property Nyrt.

      The affirmation is driven by BGP's solid credit metrics, adequate cash flow visibility, and an expected recovery in the macroeconomic conditions in Hungary in the second half of 2024.

      Scope has downgraded the issuer rating of LANXESS AG to BBB with Negative Outlook

      19/2/2024 Rating announcement EN

      Scope has downgraded the issuer rating of LANXESS AG to BBB with Negative Outlook

      The downgrade is due to the ongoing destocking in the chemicals sector, which has led to a significantly weaker Scope-adjusted EBITDA in 2023 compared to LANXESS' guidance.

      Scope has updated its analytical report on Szinorg Universal Zrt.

      15/2/2024 Monitoring note EN

      Scope has updated its analytical report on Szinorg Universal Zrt.

      Following the recent affirmation of the B issuer rating and the revision of the Outlook to Stable from Negative, Scope has updated its analytical report on Szinorg Universal Zrt.

      Scope has updated its analytical report on Mobilbox Kft

      8/2/2024 Monitoring note EN

      Scope has updated its analytical report on Mobilbox Kft

      Following the recent affirmation of the BB/Stable issuer rating, Scope has updated its analytical report on Mobilbox Kft.

      Scope affirms A/Stable issuer rating of DNV Group

      8/2/2024 Rating announcement EN

      Scope affirms A/Stable issuer rating of DNV Group

      The affirmation reflects DNV Group’s solid cash generation and leading global position in maritime classification and services, paired with continued very strong credit metrics.

      Scope affirms BB/Stable issuer rating on Mobilbox Kft.

      6/2/2024 Rating announcement EN

      Scope affirms BB/Stable issuer rating on Mobilbox Kft.

      The rating affirmation is driven by the group’s leading positions in CEE and consistently high margins while being constrained by its small size, limited diversification and volatile cash flow cover.

      Scope downgrades LLD’s issuer rating to B- from B+ and revises the Outlook to Negative

      5/2/2024 Rating announcement EN

      Scope downgrades LLD’s issuer rating to B- from B+ and revises the Outlook to Negative

      The downgrade is driven by weaker operating performance resulting in deteriorating credit metrics, liquidity and governance concerns. The Outlook change reflects the uncertainties around the refinancing of the unsecured bonds maturing in December 2024.

      Scope affirms B issuer rating on Szinorg Universal Zrt. and revises Outlook to Stable

      1/2/2024 Rating announcement EN

      Scope affirms B issuer rating on Szinorg Universal Zrt. and revises Outlook to Stable

      The change in Outlook is driven by the expected stabilization of EBITDA contribution from Szinorg’s real estate portfolio, which supports the financial risk profile. High leverage, small size and limited diversification remain the main constraints.

      Scope has completed a monitoring review for Felleskjøpet Agri SA

      31/1/2024 Monitoring note EN

      Scope has completed a monitoring review for Felleskjøpet Agri SA

      Scope takes no action on ratings for Felleskjøpet Agri SA as the company has developed in line with Scope's rating case, last updated in January 2023.