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      Instrument data
      Issuer
      ALTEO Nyrt.
      Senority
      Unsecured
      Currency
      HUF
      ISIN
      HU0000357603
      Coupon percent
      4.49%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      2,150,000,000
      Maturity date
      30/09/2020
      -
      WD Outlook: N/A
      WD Outlook: N/A
      Latest change
      Withdrawal
      12/10/2020
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Withdrawal reason: end of maturity of the debt obligation, or in case the debt is redeemed, called, prefunded, cancelled
      Kamila Bernadeta Hoppe Lead analyst
      Philipp Wass Committee chair
      Scope affirms BB+/Stable issuer credit rating of Hungary-based utility ALTEO Energiaszolgáltató Nyrt

      29/7/2020 Rating announcement EN

      Scope affirms BB+/Stable issuer credit rating of Hungary-based utility ALTEO Energiaszolgáltató Nyrt

      The affirmation is driven by the robust cash flow stemming from the balanced mix of regulated and unregulated activities. The execution of the updated investment programme is also unlikely to significantly burden indebtedness and interest coverage.

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      Scope assigns initial BB+/Stable/S-3 issuer rating to ALTEO and BBB- to senior unsecured debt

      7/8/2019 Rating announcement EN

      Scope assigns initial BB+/Stable/S-3 issuer rating to ALTEO and BBB- to senior unsecured debt

      The rating is supported by increasing cash flows from regulated power generation, the quasi-monopolistic position in heat, and comfortable level of interest coverage. Leverage is expected to decline gradually following the heavy investment phase.

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