Announcements

    Drinks

      Instrument data
      Senority
      Senior Unsecured
      Currency
      HUF
      ISIN
      HU0000361464
      Coupon percent
      5%
      Coupon type
      Fixed
      Instrument volume
      12,000,000,000
      Maturity date
      21/02/2032
      -
      B+ Outlook: None
      B+ Outlook: None
      Latest change
      Affirmed
      13/11/2023
      General information
      Rating
      Public
      Solicited
      With issuer participation
      UK endorsed
      EU Rated
      Eugenio Piliego Lead analyst
      Olaf Tölke Committee chair
      Scope affirms B+/Stable issuer rating of Kometa 99 Zrt.

      13/11/2023 Rating announcement EN

      Scope affirms B+/Stable issuer rating of Kometa 99 Zrt.

      High leverage and low profitability driven by high input costs are compensated for by a very comfortable liquidity cushion after postponement of planned expansionary capex.

      Scope affirms B+/Stable issuer rating of Kometa

      15/11/2022 Rating announcement EN

      Scope affirms B+/Stable issuer rating of Kometa

      The rating reflects high leverage and profitability pressure in 2022 due to strong increases in livestock and energy costs. Nevertheless, rating benefits from a comfortable liquidity cushion post green bond issuance.

      Scope assigns issuer rating of B+/Stable to Kometa 99

      21/12/2021 Rating announcement EN

      Scope assigns issuer rating of B+/Stable to Kometa 99

      The rating reflects the company’s high leverage and negative free cash flow amid a large capex plan. Kometa’s position as one of the largest and most efficient pork processors in Hungary and its wide product portfolio support the rating.

      Date Title