Announcements

    Drinks

      Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      21/9/2022 Rating announcement EN

      Scope affirms BB-/Stable issuer credit rating on Hungarian tyre wholesaler MARSO

      The affirmation reflects MARSO’s adequate financials after the completion of the logistics centre in Dunaharaszti amid challenging market conditions.

      Scope affirms BB+ rating of Bikeleasing-Service GmbH & Co. KG, with Stable Outlook

      20/9/2022 Rating announcement EN

      Scope affirms BB+ rating of Bikeleasing-Service GmbH & Co. KG, with Stable Outlook

      The rating continues to reflect BLS’ good position in the rapidly growing German bike-leasing market and strong cash generation. It also reflects challenges around increasing financing requirements and safeguarding product availability.

      Scope affirms Deutsche Lufthansa at BBB-/Stable

      16/9/2022 Rating announcement EN

      Scope affirms Deutsche Lufthansa at BBB-/Stable

      The affirmation reflects a stronger financial risk profile that compensated for the loss of parent support after the German state sold its remaining stake.

      Scope downgrades Ontime Corporate Union S.L.’s issuer rating to BB-/Stable

      14/9/2022 Rating announcement EN

      Scope downgrades Ontime Corporate Union S.L.’s issuer rating to BB-/Stable

      The downgrade reflects an anticipated increase in leverage combined with profitability already under pressure. The issuer rating benefits from a growing market share and strong EBITDA interest cover.

      Scope downgrades Uniper's issuer rating to BBB-/Negative

      14/9/2022 Rating announcement EN

      Scope downgrades Uniper's issuer rating to BBB-/Negative

      The rating action reflects weakened business and financial risk profiles amid retaliatory measures against Western countries by Russia, which outweigh the positive impact on Uniper’s issuer rating from its status as a government-related entity.

      Scope upgrades issuer rating of Metál Hungária Holding Zrt. to BB-/Stable from B+/Positive

      12/9/2022 Rating announcement EN

      Scope upgrades issuer rating of Metál Hungária Holding Zrt. to BB-/Stable from B+/Positive

      The upgrade is driven by the company’s solid market position in its niche that shows near-term revenue growth helping to keep credit metrics at current healthy levels despite impending headwinds including an unsupportive macroeconomic outlook.

      Scope affirms Encavis AG’s BBB- issuer rating, revises Outlook to Positive

      12/9/2022 Rating announcement EN

      Scope affirms Encavis AG’s BBB- issuer rating, revises Outlook to Positive

      The rating action reflects the significant strengthening in credit metrics paired with gradually improving diversification that has more than offset the decreasing exposure to regulated power generation.

      Scope upgrades Daniella Kft’s issuer rating to B+/Stable from B/Stable

      9/9/2022 Rating announcement EN

      Scope upgrades Daniella Kft’s issuer rating to B+/Stable from B/Stable

      The upgrade is driven by the strong growth of profitability experienced and Scope’s expectation that macroeconomic headwinds will have limited impact on the group’s credit metrics.

      Scope affirms its BBB-/Stable issuer rating on Fastpartner AB

      7/9/2022 Rating announcement EN

      Scope affirms its BBB-/Stable issuer rating on Fastpartner AB

      The rating action reflects Fastpartner’s stable operations and its unchanged business risk profile (assessed at BBB-) as well as a resilient financial risk profile (assessed at BBB) that can tolerate expected interest rate increases.

      Scope affirms Compactor Fastigheter AB's issuer rating at BBB-/Stable

      7/9/2022 Rating announcement EN

      Scope affirms Compactor Fastigheter AB's issuer rating at BBB-/Stable

      The affirmation is supported by Compactor's high total cost coverage, which is expected to remain above 2x despite the rising interest environment.