The affirmation reflects Kopaszi’s ability to generate strong rental income, supported by improving occupancy rates and a healthy project pipeline. High leverage and reliance on project completions remain key constraints.

A good sales performance, reflected in strong pre-sales of about 90%, as well as a robust pipeline of projects support the rating. High leverage, small size and limited diversification remain the main constraints.

High asset quality development portfolio and robust sales performance, reflected in strong pre-sales of nearly 75%, support the rating. Small size and limited diversification remain the main constraints.

The rating assessment reflects Kopaszi's high-quality development portfolio and partly operating in less cyclical homebuilding, segment with strong demand. The company's small size and limited diversification are the main constraints.