Announcements

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      Instrument data
      Issuer
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000359997
      Coupon percent
      3.25%
      Coupon type
      Fixed
      Instrument volume
      21,200,000,000
      Maturity date
      01/10/2030
      -
      B+ Outlook: None
      B+ Outlook: None
      Latest change
      Affirmed
      18/06/2024
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Istvan Braun Lead analyst
      Philipp Wass Committee chair
      Scope affirms the B+/Stable issuer rating on Forrás Nyrt.

      18/6/2024 Rating announcement EN

      Scope affirms the B+/Stable issuer rating on Forrás Nyrt.

      The affirmation reflects the higher, but still volatile recurring cash income generation of the investment portfolio, while limited scale and lack of medium-term visibility on investment strategy constrain the rating.

      Scope upgrades Forrás issuer rating to B+/Stable

      22/6/2023 Rating announcement EN

      Scope upgrades Forrás issuer rating to B+/Stable

      The upgrade reflects an improved financial risk profile, benefitting from recent acquisitions. These are expected to significantly increase the recurring cash generation capabilities of the investment portfolio.

      Scope downgrades Forrás Nyrt.’s issuer rating to B/Stable from B+/Negative

      27/6/2022 Rating announcement EN

      Scope downgrades Forrás Nyrt.’s issuer rating to B/Stable from B+/Negative

      The downgrade is driven by the weaker financial risk profile as delayed acquisitions resulted in a slower-than-anticipated build-up of recurring cash income, with total cost coverage ratio dropping below par.

      Scope changes Outlook to B+/Negative from B+/Stable for Hungarian investment holding Forras Nyrt.

      29/6/2021 Rating announcement EN

      Scope changes Outlook to B+/Negative from B+/Stable for Hungarian investment holding Forras Nyrt.

      The ratings are primarily driven by the company's total cost coverage as well as its net cash position and remain constrained due to uncertainty on cash income.

      Scope assigns B+/Stable issuer rating to Hungarian investment holding Forras Nyrt.

      22/6/2020 Rating announcement EN

      Scope assigns B+/Stable issuer rating to Hungarian investment holding Forras Nyrt.

      The ratings are primarily driven by the company's total cost coverage as well as its current and planned portfolio structure.

      Date Title