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![Scope affirms Éltex issuer rating at B+ and revises Outlook to Positive](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_79f5755c6b50b3d14625544a22044f1194dee54aab3e334eb70e786ecb42d5d5.jpg)
10/11/2021 Rating announcement EN
Scope affirms Éltex issuer rating at B+ and revises Outlook to Positive
The Outlook change on the Hungarian waste management services company is supported by its improved credit metrics due to the redistribution of planned capex over a longer period and better-than-expected operating results.
![Scope assigns B+/Stable first-time issuer rating to Hungarian waste management provider Éltex.](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_e1ff5b5ce672e2e4829ffb5331f546d336858faa32aa0b433bddfa05119ec5db.jpg)
20/10/2020 Rating announcement EN
Scope assigns B+/Stable first-time issuer rating to Hungarian waste management provider Éltex.
Éltex's credit rating is supported by its status as a top-three waste management company in Hungary and its medium- and long-term contracts, but constrained by its lack of geographical diversification, its high expected leverage and low profitability.
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