Announcements
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20/2/2025 Rating announcement EN
Scope downgrades Pannonia Bio’s issuer rating to BB- from BB and places all ratings under review
The downgrade reflects weaker business and financial risk profiles which are impacted by ongoing volatile sector dynamics. The under-review placement reflects pending risks related to unresolved waiver approval discussions.

2/7/2021 Rating announcement EN
Scope affirms Pannonia Bio's BB+/Stable issuer rating and downgrades senior unsecured debt to BB+
The affirmation of the issuer rating reflects Scope’s view of the chemical company’s resilient operating performance and only temporary increase in leverage. The downgrade is driven by the average expected recovery for senior unsecured debt.

9/7/2020 Rating announcement EN
Scope affirms Pannonia Bio's BB+/Stable issuer rating and upgrades senior unsecured debt to BBB-
The rating actions reflect Scope’s view that the planned bond issuance will have a limited impact on the issuer's credit metrics while improving the expected recovery of its senior unsecured debt.
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2/9/2019 Rating announcement EN
Scope affirms and publishes BB+/Stable issuer credit rating of Hungary-based Pannonia Bio Zrt.
The rating mainly reflects the company’s exposure to volatile commodities and weak diversification, on the one hand, and solid profitability and a strong financial risk profile relative to the business risk profile, on the other.
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