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.
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.
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.
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