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![Scope downgrades Textura Zrt.’s issuer rating to CCC/Negative from B-/Negative](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_37e17462c54aa19864df5f5438eee827f230776326d605b762bf38254fca9b10.jpg)
22/5/2024 Rating announcement EN
Scope downgrades Textura Zrt.’s issuer rating to CCC/Negative from B-/Negative
Inability to ramp up sales in the plastics division, impaired profitability of the textile division and no covenant cure may result in further downgrades in 2024, debt acceleration, a distressed liquidity situation and default by February 2025.
![Scope assigns B/Stable issuer rating to Textura Zrt.](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_1c14e21230e70c60e7c7b031fc7d89508dc7056829f08535578511a7e455f933.jpg)
3/2/2022 Rating announcement EN
Scope assigns B/Stable issuer rating to Textura Zrt.
The rating is driven by the solid development in 2020 and a positive growth perspective, but also negatively impacted by the high uncertainty regarding Textura’s new plastic business line that leads to a further increased volatility of credit metrics.
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