Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000360078
      Coupon percent
      3.25%
      Coupon type
      Fixed
      Instrument volume
      11,000,000,000
      Maturity date
      12/11/2030
      -
      B+ Outlook: None
      B+ Outlook: None
      Latest change
      Affirmed
      22/06/2022
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Barna Szabolcs Gáspár Lead analyst
      Philipp Wass Committee chair
      Scope affirms the issuer rating of SunDell Estate Nyrt. at B/Stable.

      22/6/2022 Rating announcement EN

      Scope affirms the issuer rating of SunDell Estate Nyrt. at B/Stable.

      Strong performance in 2021, a significantly increased project pipeline supported by recent equity issuance in 2022 of HUF 9bn and a HUF 5.5bn green bond issued in 2021 support the affirmation in a challenging environment.

      Scope affirms B/Stable issuer rating for SunDell Estate Nyrt.

      28/6/2021 Rating announcement EN

      Scope affirms B/Stable issuer rating for SunDell Estate Nyrt.

      Scope Ratings affirms the B/Stable issuer rating as well as the senior unsecured debt rating for SunDell Estate Nyrt. after receiving updated company planning that includes a contemplated placement of a HUF 5bn senior unsecured green bond.

      No impact on SunDell Estate's B/Stable rating from 2020 annual results and recent acquisition

      21/5/2021 Monitoring note EN

      No impact on SunDell Estate's B/Stable rating from 2020 annual results and recent acquisition

      Following a monitoring review of Hungarian real estate developer SunDell Estate Nyrt., Scope takes no action regarding the issuer rating of B/Stable. The instrument rating of B+ for senior unsecured debt also remains unchanged.

      Scope assigns B/Stable issuer rating for Hungarian real estate developer SunDell Estate Nyrt.

      30/10/2020 Rating announcement EN

      Scope assigns B/Stable issuer rating for Hungarian real estate developer SunDell Estate Nyrt.

      The ratings are primarily driven by the company's moderate leverage but constrained by a lack of recurring revenues and a concentrated project pipeline.

      Date Title