Announcements

    Drinks

      Scope publishes analytical report on ITK Holding Zrt.

      9/10/2025 Monitoring note EN

      Scope publishes analytical report on ITK Holding Zrt.

      Following the affirmation of the BB- issuer rating and the revision of the Outlook to Negative on 21 May 2025, Scope has updated its analytical report on ITK Holding Zrt.

      Scope downgrades Hungarian biofuels producer Pannonia Bio to B+; revises Outlook to Negative

      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.

      Scope affirms B-/Negative issuer rating on MetMax

      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.

      Scope affirms BBB-/Negative rating of Norwegian Property

      29/9/2025 Rating announcement EN

      Scope affirms BBB-/Negative rating of Norwegian Property

      The affirmation with a Negative Outlook reflects the increased risk that credit metrics will remain below the level required for the current rating beyond 2025.

      Scope downgrades Deutsche Konsum to SD; reinstates rating at C/under review for a developing outcome

      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.

      Scope affirms the A-/Stable issuer rating of Norwegian utility Eviny AS

      26/9/2025 Rating announcement EN

      Scope affirms the A-/Stable issuer rating of Norwegian utility Eviny AS

      The affirmation reflects Scope's expectation that Eviny’s leverage will settle at around 2.5x despite significant capex investments into its grid business.

      Scope affirms B issuer rating on limestone producer Reneszánsz, revises Outlook to Negative

      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.

      Scope affirms the issuer rating of Hungarian auto spare parts distributor Unix Autó at BB/Stable

      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.

      Scope assigns final rating to Georgia Healthcare Group’s senior secured bond

      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.

      Scope affirms B+/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      17/9/2025 Rating announcement EN

      Scope affirms B+/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      The affirmation reflects MARSO’s unchanged leading market position and moderate financial risk profile despite economic headwinds.