Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000360169
      Coupon percent
      3%
      Coupon type
      Fixed
      Instrument volume
      5,000,000,000
      Maturity date
      11/12/2030
      -
      B Outlook: None
      B Outlook: None
      Latest change
      Upgrade
      29/09/2025
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Daniel Szebenyi Lead analyst
      Sebastian Zank Committee chair
      Scope affirms B-/Negative issuer rating on MetMax

      29/9/2025 Rating announcement EN

      Scope affirms B-/Negative issuer rating on MetMax

      The rating affirmation reflects weak credit metrics, as well as the unchanged inadequate liquidity assessment. The Negative Outlook reflects the downside risks from the current business environment, amplified by the start of bond repayments.

      Scope downgrades MetMax to B- and revises Outlook to Negative from Stable

      7/11/2024 Rating announcement EN

      Scope downgrades MetMax to B- and revises Outlook to Negative from Stable

      The downgrade is driven by Scope’s revised EBITDA expectation for 2024-25 and the inadequate liquidity assessment. The negative outlook reflects the risk of an accelerated repayment of the bonds unless a waiver is obtained.

      Scope downgrades MetMax to B and revises Outlook to Stable from Negative

      6/11/2023 Rating announcement EN

      Scope downgrades MetMax to B and revises Outlook to Stable from Negative

      The company’s small size, customer concentration, weak product diversification and weak financial risk profile constrain the rating. Good profitability in a peer group context is supportive.

      Scope affirms MetMax Europe’s B+ issuer rating, changes Outlook to Negative

      11/11/2022 Rating announcement EN

      Scope affirms MetMax Europe’s B+ issuer rating, changes Outlook to Negative

      The company's small size, customer concentration and weak product diversification constrain the rating. Good profitability and a moderate financial risk profile are supportive. Weaker credit metrics and rising downside risks drive the Outlook change.

      Scope affirms MetMax's B+/Stable issuer rating

      7/12/2021 Rating announcement EN

      Scope affirms MetMax's B+/Stable issuer rating

      The company’s small size, customer diversification and limited aftermarket activities are rating constraints. Profitability, a solid financial risk profile and cash subsidies from the state support the rating.

      Scope assigns HUF 5.0bn bond of MetMax Europe Zrt. a rating of B+

      7/12/2020 Rating announcement EN

      Scope assigns HUF 5.0bn bond of MetMax Europe Zrt. a rating of B+

      MetMax Europe issues a HUF 5.0bn bond with a guarantee provided by its parent company. We have assigned a rating of B+ to the HUF 5.0bn bond

      Date Title