28/2/2024 Rating announcement EN
Scope downgrades Masterplast Nyrt. issuer rating to B/Negative from B+/UR for a possible downgrade
The rating action highlights Masterplast's reliance on renewing short-term bank loans against a backdrop of reduced demand and difficult economic conditions, despite improved operational stabilisation through effective cost-saving measures.
16/11/2023 Rating announcement EN
Scope downgrades Masterplast Nyrt. issuer rating to B+, ratings under review for possible downgrade
The rating action reflects weaker credit metrics, driven by lower-than-expected EBITDA in an unsupportive macroeconomic environment and potential liquidity concerns.
13/6/2023 Rating announcement EN
Scope affirms Masterplast Nyrt. issuer rating at BB-, changes Outlook to Negative
The Negative Outlook reflects weaker credit metrics, driven by lower-than-expected EBITDA in an unsupportive macroeconomic environment.
15/7/2022 Rating announcement EN
Scope affirms BB-/Stable issuer rating on Masterplast Nyrt.
Scope forecasts improved cash generation driven by regulatory tailwinds and the end of the capex-heavy expansion phase (2020-2022) helping to keep credit metrics under control amid a challenging environment.
16/8/2021 Rating announcement EN
Scope upgrades issuer rating of Masterplast Nyrt. to BB-/Stable
The upgrade is driven by the company’s ongoing strong business performance thanks to continuous, subsidised investments in its production capacities leading to a further improvement in credit metrics.
31/8/2020 Rating announcement EN
Scope revised Outlook on B+ issuer rating of Masterplast Nyrt. to Positive
The Outlook change is driven by the anticipated improvement in credit metrics that lever on a growing operational cash flow following investments into the company’s production capacities and product availability in the past and going forward.