
6/10/2025 Rating announcement EN
Scope downgrades Hungarian biofuels producer Pannonia Bio to B+; revises Outlook to Negative
The downgrade reflects higher-than-expected EBITDA volatility from sector and supply risks, as well as weakened credit metrics, leading to repeated covenant breaches. The Outlook captures unresolved covenant breaches and limited visibility on recovery.

29/9/2025 Rating announcement EN
Scope affirms B-/Negative issuer rating on MetMax
The rating affirmation reflects weak credit metrics, as well as the unchanged inadequate liquidity assessment. The Negative Outlook reflects the downside risks from the current business environment, amplified by the start of bond repayments.

26/9/2025 Rating announcement EN
Scope downgrades Deutsche Konsum to SD; reinstates rating at C/under review for a developing outcome
Scope downgraded DKR’s issuer rating to SD due to a distressed debt exchange. The rating was reinstated at C, reflecting the improved situation following the finalisation of the restructuring concept. This has reduced the likelihood of further default.

25/9/2025 Rating announcement EN
Scope affirms B issuer rating on limestone producer Reneszánsz, revises Outlook to Negative
The Negative Outlook reflects the potential liquidity risks related to sustained negative free operating cash flow generation while the visibility on medium-term revenue generation remains limited.

25/9/2025 Rating announcement EN
Scope affirms the issuer rating of Hungarian auto spare parts distributor Unix Autó at BB/Stable
Affirmation reflects strong profitability, market leadership, low leverage, and expected material reduction in financial debt by 2026. Constraints include small scale, limited geographic reach, and dependence on a cyclical single segment/product category.

22/9/2025 Rating announcement EN
Scope assigns final rating to Georgia Healthcare Group’s senior secured bond
The assignment of the final BB- bond rating follows the placement of the GEL 350m bond in September 2025. The bond rating is based on GHG’s underlying B+/Stable issuer rating and Scope’s expectations of an excellent recovery rate for the bond.