Announcements
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![Scope affirms ADLER's ratings and changes Outlook to Positive after the acquisition of BCP](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_85e727d533a2988252cabe9f25c3ad965b6822ea935728ef3964ae3b1899450b.jpg)
12/4/2018 Rating announcement EN
Scope affirms ADLER's ratings and changes Outlook to Positive after the acquisition of BCP
The change in Outlook reflects the anticipated positive impact of the successful acquisition of 70% + one share of the share capital of Brack Capital Properties N.V. (BCP) on the company's business and financial risk profile.
![Scope places ADLER's ratings under review for possible upgrade after announcement to acquire BCP](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_a80e2c3842620195bca2b5e723914c8df937bb3aa7d29c5b60beb21c86ac27ce.jpg)
26/2/2018 Rating announcement EN
Scope places ADLER's ratings under review for possible upgrade after announcement to acquire BCP
The review for possible upgrade reflects the anticipated positive impact of a successful acquisition of 70% + one share of the share capital of Brack Capital Properties NV (BCP) on the company's business and financial risk profiles.
![Scope upgrades Adler’s issuer rating to BB and senior unsecured debt to BB+, Outlook Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_155727.jpg)
11/1/2018 Rating announcement EN
Scope upgrades Adler’s issuer rating to BB and senior unsecured debt to BB+, Outlook Stable
The upgrade reflects the company’s successful restructuring of debt, expected to improve credit metrics, and the disposal of the volatile trading business (Accentro) to a private partnership, which should stabilise cash flows further.