Announcements

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      Instrument data
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000360839
      Coupon percent
      3.7%
      Coupon type
      Fixed:Plain Vanilla Fixed Coupon
      Instrument volume
      30,100,000,000
      Maturity date
      21/10/2031
      -
      B+ Outlook: None
      B+ Outlook: None
      Latest change
      Affirmed
      08/08/2024
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Fayçal Abdellouche Lead analyst
      Marlen Shokhitbayev Committee chair
      Scope affirms B+/Stable issuer rating on Bayer Construct Zrt.

      8/8/2024 Rating announcement EN

      Scope affirms B+/Stable issuer rating on Bayer Construct Zrt.

      The affirmation reflects credit metrics that have remained strong in a challenging market of high inflation and interest rates, as well as the government investment freeze. This is supported by the company’s robust yet concentrated order backlog.

      Scope affirms B+ issuer rating on Bayer Construct Zrt. and changes Outlook to Stable from Negative

      9/8/2023 Rating announcement EN

      Scope affirms B+ issuer rating on Bayer Construct Zrt. and changes Outlook to Stable from Negative

      The improved Outlook reflects credit metrics that have remained well within Scope’s rating guidance and the robust order backlog providing visibility on future revenues amid an unsupportive Hungarian construction market.

      Scope affirms B+ issuer rating of Bayer Construct Zrt. and revises Outlook to Negative

      4/8/2022 Rating announcement EN

      Scope affirms B+ issuer rating of Bayer Construct Zrt. and revises Outlook to Negative

      The Outlook change is driven by the risk that leverage remains high amid impending headwinds including higher input prices, a lower order intake and an unsupportive macroeconomic outlook.

      Scope assigns Bayer Construct a first-time issuer rating of B+/Stable

      31/8/2021 Rating announcement EN

      Scope assigns Bayer Construct a first-time issuer rating of B+/Stable

      The rating is driven by the company’s vertically integrated business model and relatively high profitability and is constrained by a strong increase in leverage needed to support growth through its own development projects.

      Date Title