Announcements

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      Instrument data
      Issuer
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000359765
      Coupon percent
      3.5%
      Coupon type
      Fixed
      Instrument volume
      4,400,000,000
      Maturity date
      24/07/2030
      -
      BB Outlook: None
      BB Outlook: None
      Latest change
      Upgrade
      01/03/2024
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Zurab Zedelashvili Lead analyst
      Thomas Faeh Committee chair
      Scope upgrades Zalaco’s issuer rating to BB- with Stable Outlook

      1/3/2024 Rating announcement EN

      Scope upgrades Zalaco’s issuer rating to BB- with Stable Outlook

      The upgrade reflects faster-than-expected deleveraging driven by solid operating performance.

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Positive from Stable

      2/3/2023 Rating announcement EN

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Positive from Stable

      The Outlook change reflects the faster-than-expected deleveraging driven by the sound operating performance.

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Stable from Positive

      7/3/2022 Rating announcement EN

      Scope affirms B+ issuer rating on Zalaco, revises Outlook to Stable from Positive

      The rating benefits from the issuer’s underlying low industry risk and comfortable profitability but is constrained by its limited scale and high customer concentration. The Outlook change reflects the expectation of a delayed deleveraging expectations.

      Scope assigns B+/Stable issuer rating to Zalaco Sütőipari Zrt.

      24/4/2020 Rating announcement EN

      Scope assigns B+/Stable issuer rating to Zalaco Sütőipari Zrt.

      The issuer rating of B+ reflects Zalaco’s robust, solid profitability and well-established business operations in western Hungary, but is constrained by small scale, limited diversification and high leverage.

      Date Title