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![Scope places ITK Holding’s BB- issuer rating under review for a possible upgrade](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_9a3cd7c63f54a8f66adf90f080b2a26d5ee9dfdc8a46876e7345464b4a087f5b.jpg)
28/11/2023 Rating announcement EN
Scope places ITK Holding’s BB- issuer rating under review for a possible upgrade
The rating’s placement under review reflects the recently announced change in shareholder structure, with Hungarian oil and gas company MOL Group advancing towards full control of ITK Holding.
![Scope affirms ITK’s issuer rating of BB-, Stable Outlook](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_861c36eb4cc8e1f2933c4a5fe8c590d07600c215c767bdf0b98bfc30d75da8ad.jpg)
13/4/2023 Rating announcement EN
Scope affirms ITK’s issuer rating of BB-, Stable Outlook
Deleveraging capacity remains, but improvement is delayed due to 2022 macroeconomic challenges and continued, high levels of investment in transportation services and newer operations as a higher value-added vehicle manufacturer and general distributor.
![Scope rates transportation service provider and vehicle manufacturer ITK Holding Zrt. BB-/Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_58d07b403624173a27f59159aec9b1f38dbc39302f54386134a8a74b292c9dde.jpg)
14/4/2021 Rating announcement EN
Scope rates transportation service provider and vehicle manufacturer ITK Holding Zrt. BB-/Stable
The rating reflects very high leverage and risks in the new higher value-added vehicle manufacturing operations, balanced by stable transportation and business services and strong backing from the majority shareholder MOL Group.
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