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      Instrument data
      Issuer
      SunDell Estate Nyrt.
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000360649
      Coupon percent
      3.65%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      5,500,000,000
      Maturity date
      09/07/2031
      -
      B+ Outlook: None
      B+ Outlook: None
      Latest change
      Affirmed
      17/10/2024
      General information
      Rating
      Public
      Unsolicited
      With issuer participation
      UK endorsed
      EU Rated
      Barna Szabolcs Gáspár Lead analyst
      Philipp Wass Committee chair
      Scope downgrades SunDell Estate Nyrt.’s issuer rating to B- from B with Stable Outlook

      17/10/2024 Rating announcement EN

      Scope downgrades SunDell Estate Nyrt.’s issuer rating to B- from B with Stable Outlook

      The downgrade is based on increased reliance of its parent (GOPD Nyrt.) on dividends from SunDell, which are needed to service debt at the holding level.

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      Scope affirms issuer rating of SunDell Estate Nyrt. at B/Stable

      17/10/2023 Rating announcement EN

      Scope affirms issuer rating of SunDell Estate Nyrt. at B/Stable

      Pre-sales providing a backlog of above one year and the fixed-rate debt in place amid rising interest rates support the rating affirmation.

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      Scope affirms issuer rating of SunDell Estate Nyrt. at B/Stable

      25/10/2022 Rating announcement EN

      Scope affirms issuer rating of SunDell Estate Nyrt. at B/Stable

      Strong sales in the first half of 2022, thanks to the retail green housing programme at low retail mortgage rates provide backlog until 2023, and the exclusively fixed-rate debt support the rating affirmation.

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      Scope affirms the issuer rating of SunDell Estate Nyrt. at B/Stable.

      22/6/2022 Rating announcement EN

      Scope affirms the issuer rating of SunDell Estate Nyrt. at B/Stable.

      Strong performance in 2021, a significantly increased project pipeline supported by recent equity issuance in 2022 of HUF 9bn and a HUF 5.5bn green bond issued in 2021 support the affirmation in a challenging environment.

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      Scope affirms B/Stable issuer rating for SunDell Estate Nyrt.

      28/6/2021 Rating announcement EN

      Scope affirms B/Stable issuer rating for SunDell Estate Nyrt.

      Scope Ratings affirms the B/Stable issuer rating as well as the senior unsecured debt rating for SunDell Estate Nyrt. after receiving updated company planning that includes a contemplated placement of a HUF 5bn senior unsecured green bond.

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