The rating is derived from the corporate rating of the parent, Envien International, which provides guarantees to its fully owned subsidiary.

The ratings are derived from the corporate rating of the parent, which provides both implicit and explicit guarantees for its fully owned subsidiary.

The bond is issued under the Hungarian central bank's Bond Funding for Growth Scheme.

The upcoming guaranteed bond to be issued by Envien Magyaroraszág is rated (P)BB, based on the explicit unconditional guarantee to the debt given by Envien International, the holding company of the group.