Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000359344
      Coupon percent
      3.5%
      Coupon type
      Fixed
      Instrument volume
      20,000,000,000
      Maturity date
      22/11/2029
      -
      B+ Outlook: None
      B+ Outlook: None
      Latest change
      Upgrade
      05/04/2023
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Fayçal Abdellouche Lead analyst
      Philipp Wass Committee chair
      Scope upgrades issuer rating of Appeninn to B+/Stable from B under review for possible downgrade

      5/4/2023 Rating announcement EN

      Scope upgrades issuer rating of Appeninn to B+/Stable from B under review for possible downgrade

      The rating upgrade is driven by the recent acquisitions done by cash on the balance sheet and a conservative debt uptake, which significantly improve the company’s financial risk profile.

      Scope places B rating of Appeninn Holding Nyrt under review for possible downgrade

      2/3/2023 Rating announcement EN

      Scope places B rating of Appeninn Holding Nyrt under review for possible downgrade

      The rating action is driven by the possibility of a default of one of the issuer’s outstanding bonds in April 2023.

      Scope downgrades Appeninn Holding Nyrt.'s issuer rating to B with a Stable Outlook

      12/4/2021 Rating announcement EN

      Scope downgrades Appeninn Holding Nyrt.'s issuer rating to B with a Stable Outlook

      The downgrade is driven by the company's large development projects, which burden it with significantly more debt and put a strain on credit metrics.

      Scope places Appeninn Holding’s B+ rating under review for possible downgrade

      2/10/2020 Rating announcement EN

      Scope places Appeninn Holding’s B+ rating under review for possible downgrade

      The rating action reflects increased credit risks in light of the change in management and strategy, including the exposure to development risks.

      Scope assigns a first-time issuer rating of B+ to Appeninn Holding Nyrt., Outlook Stable

      1/10/2019 Rating announcement EN

      Scope assigns a first-time issuer rating of B+ to Appeninn Holding Nyrt., Outlook Stable

      The issuer rating is driven by the company’s relatively strong credit metrics, exposure to Budapest and low vacancy rates. Constraints include weak diversification, high tenant concentration and a short WAULT providing limited visibility.

      Date Title