Announcements
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![Scope upgrades B+N’s issuer rating to BB/Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_26d61a109e1a030dcf84c559e8a66fc5a22a5cc2857467ab022b2da45e652bb2.jpg)
20/1/2023 Rating announcement EN
Scope upgrades B+N’s issuer rating to BB/Stable
The upgrade follows the removal of under review for a developing outcome after the delayed publication of B+N’s 2021 financial statements and reflects the group’s strong financial risk profile and attained stable project backlog.
![Scope upgrades B+N Referencia Zrt.’s issuer rating to BB-/Positive](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_ef13c566b5539a443b0df529c0fc792f993e1c195bf36aaf160c3fde086899b8.jpg)
15/10/2021 Rating announcement EN
Scope upgrades B+N Referencia Zrt.’s issuer rating to BB-/Positive
The rating action reflects the removal of the one-notch negative adjustment for execution risk related to B+N’s M&A activity. It also incorporates an improved business risk profile supported by strong credit metrics.
![Scope places B+N Referencia Zrt’s issuer rating of B+ under review for possible upgrade](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_4f831db9a3d5c9dd1cb820ae68498331fa6968932850960cfe5b5d2419b7ba37.jpg)
20/4/2021 Rating announcement EN
Scope places B+N Referencia Zrt’s issuer rating of B+ under review for possible upgrade
The rating action follows B+N’s agreement to acquire Central and Eastern European subsidiaries of ISS Group, which upon completion is likely to improve both business risk and financial risk profiles.
![Scope assigns B+ initial issuer rating to Hungary-based B+N Referencia Zrt., with a Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_20a305cb1517277afb51f6ce61ee592616c43f2efbbe12676d7e398f767cd1fa.jpg)
4/10/2019 Rating announcement EN
Scope assigns B+ initial issuer rating to Hungary-based B+N Referencia Zrt., with a Stable Outlook
The rating is supported by the comparatively strong credit metrics. Constraints include the company's small scale, weak diversification, stiff competition and agressive financial policy.
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