
15/4/2025 Rating announcement EN
Scope affirms B+ issuer rating on consumer goods company Naturtex and revises Outlook to Stable
The Outlook change is driven by the recovery in demand for Naturtex’s discretionary products and its profitability which have resulted in an improved financial risk profile.

4/4/2025 Rating announcement EN
Scope affirms A- issuer rating of Norwegian utility, telecom firm Lyse, revises Outlook to Negative
The Negative Outlook reflects increased leverage in 2024, with additional large growth investments in the next few years expected to limit deleveraging potential, which has resulted in a weaker financial risk profile.

1/4/2025 Rating announcement EN
Scope affirms Hungarian food producer Tranzit’s issuer rating at BB- and revises Outlook to Negative
The Outlook change reflects the continued deterioration of operating profitability in 2024, and the uncertainties surrounding medium-term cash generation, which is highly exposed to shifts in the market environment.

31/3/2025 Rating announcement EN
Scope affirms BB/Stable issuer rating on Germany’s Hörmann Industries GmbH
A good financial risk profile and solid position in some market niches support the rating. A weak position in Automotive, high dependence on Funkwerk, customer and end-market concentration, and volatile free operating cash flow are constraints.

26/3/2025 Rating announcement EN
Scope affirms Norwegian specialty chemicals company Borregaard’s A-/Stable issuer rating
Borregaard's affirmed rating reflects its good business risk profile and strong financial risk profile, though increased debt in 2024 and higher expected capex over the next few years have slightly weakened credit metrics.

24/3/2025 Rating announcement EN
Scope affirms KÉSZ Holding Zrt.’s issuer rating at BB-, maintains Negative Outlook
The affirmation is driven by stable business despite a decline in topline revenue, supported by strong liquidity and diversification efforts, while the Negative Outlook reflects lingering legal uncertainties and market challenges.