Announcements

    Drinks

      Scope affirms Market Építő Zrt.’s BB-/Stable issuer rating

      19/7/2024 Rating announcement EN

      Scope affirms Market Építő Zrt.’s BB-/Stable issuer rating

      The affirmation reflects a relatively robust yet concentrated order backlog and solid financial metrics. Some pressure is expected from the addition of new-debt financed real estate developments and weakening profitability.

      Scope affirms Encavis AG's BBB- issuer rating and revises the Outlook to Stable

      19/7/2024 Rating announcement EN

      Scope affirms Encavis AG's BBB- issuer rating and revises the Outlook to Stable

      Pressure on credit metrics from moderating power prices and further acceleration of the company’s growth strategy is partly offset by potential support from new shareholders.

      Scope affirms SBB’s ratings and resolves the under review status

      12/7/2024 Rating announcement EN

      Scope affirms SBB’s ratings and resolves the under review status

      Scope has obtained sufficient clarity on the implementation of SBB’s strategic review process to resolve the under-review status.

      Scope publishes Michelin’s A/Stable issuer rating for the first time

      12/7/2024 Rating announcement EN

      Scope publishes Michelin’s A/Stable issuer rating for the first time

      The issuer rating reflects Michelin’s strong business risk profile as a leading global tyre manufacturer and an even stronger financial risk profile, supported by low leverage.

      Scope upgrades IB Invest to CC/Stable

      12/7/2024 Rating announcement EN

      Scope upgrades IB Invest to CC/Stable

      Scope upgraded Ilija Batljan Invest’s issuer rating to CC following the debt restructuring, based on improved liquidity and credit metrics.

      Scope has completed a monitoring review on Futureal Development Holding Kft.

      12/7/2024 Monitoring note EN

      Scope has completed a monitoring review on Futureal Development Holding Kft.

      No action taken following the periodic review concluded on Futureal.

      Scope affirms the BB+/Stable issuer rating of BLS Beteiligungs GmbH

      10/7/2024 Rating announcement EN

      Scope affirms the BB+/Stable issuer rating of BLS Beteiligungs GmbH

      High growth, protected market position as well as low leverage support the rating. Low diversification, regulatory risk and changing financial policy are constraints.

      Scope affirms B+/Negative issuer rating on Wingholding Zrt.

      5/7/2024 Rating announcement EN

      Scope affirms B+/Negative issuer rating on Wingholding Zrt.

      The affirmation reflects Wing’s successful pipeline execution and refinancing of the 2024 bond maturities. The Negative Outlook continues to reflect the limited headroom left by current credit metrics.

      Scope assigns BBB ratings to Norwegian Property’s recent senior secured bond issues

      3/7/2024 Rating announcement EN

      Scope assigns BBB ratings to Norwegian Property’s recent senior secured bond issues

      The senior secured bonds with a first-ranking pledge on the Fondbygget property are assigned a new rating of BBB. In addition, the senior secured bond with a pledge on Drammensveien 60 is assigned a new rating of BBB.

      Scope affirms B+ rating on AutoWallis Nyrt; revises the Outlook to Stable from Positive

      3/7/2024 Rating announcement EN

      Scope affirms B+ rating on AutoWallis Nyrt; revises the Outlook to Stable from Positive

      The outlook change follows the expectation that new debt-financed acquisitions will drive higher leverage and lower debt protection in the medium term.